English to Chinese Bus/Financial Finance (general)

While syndication is still a fledgling market, many believe it will have significant and long-term ramifications for the Japanese financial system and economy. Mr Ban argues that the key benefits are the transparency and standardisation that are a natural function of sharing information between syndicate members. He believes it will play a major role in spreading counterparty and default risk across the system, and “normalising” the cost of lending.
“Syndicated lending is, anyway, a more efficient way to allocate the balance sheet and it brings more banks into the field. It will help to increase transparency and therefore make it easier to introduce a more market-related spread; it will therefore help to normalize loan pricing as well as bring more liquidity to the market,” says Mr Ban.