Banking English is not boring
Julie Pratten
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Outline
Part 2
 Dense and dull
 Developments in Banking English
• New bankers/new approaches
To sum up, the adverse effects of the US subprime mortgage crisis ripple were curbed by
central bank interventions and no
devastating effects have occurred on the
markets of developed and developing
countries. However, the problem has not yet
been solved. According to the IMF’s Global
Financial Stability Report, delinquencies tend
to peak 27-30 months after origination.
Within this framework, some market
participants estimate that sub-prime
delinquencies on credits extended in 2006. If
these predictions materialize, the pressure
on financial stability may also continue
throughout 2008 and hence, financial
markets both at national and global level may
suffer instability.
IMF Global Financial Stability Report,
September 2007
Outline
Focus on activities
 Why finance professionals need to be inspired
 Challenges
 Motivation
Task achievement
 Short attention spa
 Materials
Overview
Challenging
activities
Bite-sized
learning
Frequent change
of pace
Competition
Task vs
deadline
Challenges
 Banking buzz
 Vocabulary guessing
 Sherlock Holmes element
 Dictoglosses
 Problem solving
 Mini presentations –elevator pitch
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Vocabulary focus –Synonyms
Match the words in bold in the text with similar words or
expressions in the box below.
GERMANY All 12 German banks that participated in last year’s bank
stress test conducted by the European Banking Authority (EBA)
managed to make the grade.
O The banks achieved the minimum core tier 1 capital ratio of 5.0% in the
adverse scenario required to pass the bank stress test. This EBA
requirement is well above the current minimum supervisory ratio
applicable in Europe.
O Sabine Lautenschläger, Vice-President of the Bundesbank commented:
“The results of the bank stress test show that the German banks in the
sample are sufficiently capitalised in the adverse scenario, and their
capitalisation is also robust under these pessimistic assumptions.”
O On a similar note, head of banking supervision at BaFin Raimund
Röseler pointed out the positive stress test outcome underscores
successful efforts implemented by many banks last year to fortify their
capital base.
O
Challenges
Lead in questions that point the finger …
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Options
1 adverse
2 strengthen
3 expectations
4 explained
5 passed
6 BIS Tier Capital Requirement
7 reported
8 have adequate funds
9 highlights
10 adopted
11carried out
Answers to synonyms ex
carried out, passed, BIS Tier
Capital Requirement, reported,
have adequate funds, adverse
expectations, explained,
highlights, adopted, strengthen
Vocabulary guessing
A bank (1) potato package totalling
some £500 billion (approximately $850
billion) was announced by
the British government in October 2008, as a
response to the global financial
(2) carrot. This decision comes after a series
of major (3) onions in the stock market and
concerns about the (4) cabbage of British
banks. The plan aimed to restore
(5) garlic confidence and help (6) bean the
British (7) beetroot system, and provided a
range of short-term interbank
(8) peppers and (9) cucumbers £50 billion of
state (10) cauliflower in the banks
themselves.
Challenges
Should banks in trouble be bailed out by
the government?
•Responsibility?
If banks are negligent, who should take the
blame?
•Accountability?
What banks in your country
offer ethical options?
•Sustainable banking?
Dictogloss
The book ‘The Bankers’ New Clothes’ by Anat Admali and Martin
Hellwig highlights what is wrong with today’s banking system.
Recent years have illustrated the fact that risky banking practice can
damage the economy. However, some bankers argue that a safer
banking system would limit lending and slow economic growth. The
Bankers’ New Clothes examines this claim and the rhetoric bankers
and politicians use to rationalize the lack of reform. The book shows
that we can have a safer and healthier banking system and stimulate
lending without the high price to society in the last few years. Banks
are as fragile as they are not because they must be, but because they
want to be, and they get away with it.
Challenges
Don’t accept ‘death by
Demand active
powerpoint’
listening
in class
No mumbling or
waffling!
Encourage
participation
Challenges
What’s the point of
this?
How can I give better
presentations?
How do I
explain clearly?
How do I
remember
specialist
vocabulary?
key competence solutions
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


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Changes to central banking
Risk management
Forensic accounting
Bailout
Fraud and security issues
Occupy banking
Relationship banking
The future of banking
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New banking
BAILOUT
the word on everyone’s lips – (the
most searched for banking word)
A situation in which the
government provides a bank with
a financial injection in order to
prevent the consequences that
would arise from the banks'
downfall