Glossary entry

French term or phrase:

banque agissant sur le marché boursier

English translation:

bank with capital market operations

Added to glossary by Héloïse Ki (X)
Aug 22, 2008 09:47
15 yrs ago
French term

banque agissant sur le marché boursier

French to English Bus/Financial Finance (general)
"il n'existait pas de catégories pour les services financiers qui étaient « le » service spécifique de l'entreprise (service financier d'une **banque agissant sur le marché boursier**)"

From a long text about classifications of occupations. Unfortunately I don't know a huge amount about financial institutions and am not sure what this would be in correct terminology...

Many thanks in advance!

Proposed translations

+5
59 mins
Selected

bank with capital market operations

Although 'stock market' can be a translation for marché boursier, it is not the term that is used in this context in the native English-speaking professional finance community, which is 'capital markets'.

Capital markets include stock and bond markets, not just stock markets.

Wikipedia says: 'The capital market is the market for securities, where companies and governments can raise longterm funds. The capital market includes the stock market and the bond market. Financial regulators, such as the U.S. Securities and Exchange Commission, oversee the capital markets in their designated countries to ensure that investors are protected against fraud. The capital markets consist of the primary market, where new issues are distributed to investors, and the secondary market, where existing securities are traded.'

You could get by with 'stock market', people would know what you mean, but 'capital markets' would be more accurate and appear more professional, less awkward.

Bourse and boursier are very, very commonly mistranslated as stock market in these contexts.

For reassurance, please see the websites of any of the large French banks that have stock and bond operations. For example, Calyon, at calyon.com. You will note on the home page that they (and all banks) use the term 'capital markets'. You will not find a heading 'stock market', which when separated from 'capital markets' is usually called 'equities market' in finance professional parlance.

The big French banks have bilingual websites. You can switch back and forth to research this. There is also the French term 'marché de capitaux' which is used in the professional finance community rather than 'marché boursier' which would be used by non-professionals/laymen.

The term 'stock market' and 'marché boursier' are generally used by the general public who are not familiar with finance terminology. The term 'stock market' in finance has a more specialized meaning.

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Note added at 2 hrs (2008-08-22 12:19:37 GMT)
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I might also add that 'capital markets' include, in addition to stocks and bonds, other fixed income instruments (CDOs... the now famous subprime securities..., passthrough instruments, etc.), options trading, sometimes derivatives and other financial instruments (and scams).
Example sentence:

In addition to lending, our bank offers capital markets services.

Peer comment(s):

agree writeaway : very convincing refs to back your excellent explanation. This is the way a pro Kudoz question should be answered.
3 mins
Oh goodness, thank you very much indeed!
agree Charlie Bavington : all sounds good to me - would the word "trading" be appropriate here, or do you think it implies a level/frequency of activity which may not be accurate?
1 hr
Hmm. I think banks offer services to customers who want to trade, and 'trading' sounds like the bank is trading its own account, which it probably also does, but wouldn't be clear about the bank's capital markets services offered.
agree cfraser : only suggested variation would be to possibly add "involved in..." depending on whether or not the bank actually has an organised cap mkts department/operation.
3 hrs
agree Yolanda Broad
4 hrs
agree B D Finch
5 hrs
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4 KudoZ points awarded for this answer. Comment: "Thank you so much for all your trouble. Thanks to others too for their contributions!"
7 mins

bank conducting stock market operations

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19 mins

bank that is active on the stock exchange/market

Just another suggestion
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21 mins

bank acting as stock market operator

Cheers,

Béa
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52 mins

bank operating in the (domain of) stock market

suggestion
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