不正

English translation: Rate rigging; unlawful manipulation

21:58 Nov 3, 2012
Japanese to English translations [PRO]
Law (general)
Japanese term or phrase: 不正
It seems like the most common expression being used for this is 'illegal' yet I didn't get quite such an explicit sense from the Japanese text. Unlawful? Wrongful?

ニューヨークと並ぶ世界の金融センター・ロンドンで、前代未聞の事態が起きた。各国の金融機関で融資や預金金利の指標になっているロンドン銀行間取引金利(LIBOR=ライボー)が、**不正**に操作されていた。
 すでに英大手銀のバークレイズが、**不正**操作で利益を得たとして米英当局から約360億円相当の課徴金を命じられ、トップは引責辞任した。
 欧米の金融当局は日米欧の大手金融機関を対象に**不正**の有無を調査中だが、英国の中央銀行であるイングランド銀行の関与も取りざたされている。
 LIBORは、ロンドン市場で銀行が資金を融通し合う際の金利の平均値だ。各行の報告を基に英国銀行協会が算出している。**不正**操作で顧客は本来より高い金利を払ったり、受け取る利子が減ったりなどの損害を受けた可能性がある。
JE-T
Local time: 00:15
English translation:Rate rigging; unlawful manipulation
Explanation:
I think, "unlawful" fits just fine; but you can also try different verbs like "rigging" (or, maybe, "tampering", although I am not so sure about this one) in order to convey the meaning of 不正操作. You do not have to necessarily stick to translating each of them separately ( 不正, then 操作), since there are several verbs and expression in English that can perfectly convey the meaning of the entire combination. This way you can keep the meaning and avoid tautology.

"This Libor-manipulation story grows crazier with each passing minute." http://www.rollingstone.com/politics/blogs/taibblog/libor-ba...

"The reputation of Barclays bank took an enormous blow during the Libor rate-fixing scandal, a YouGov poll reveals"http://www.guardian.co.uk/business/2012/sep/10/barclays-repu...

For "rigging": "Royal Bank of Scotland (RBS) faces fines for its part in a global interest rate rigging scandal and wants to reach a settlement as soon as possible.
US and UK authorities are investigating the part-nationalised bank over how it set Libor and other interest rates and it is expected to be one of the next to settle after British rival Barclays was fined $450 million in June." http://www.gulf-daily-news.com/NewsDetails.aspx?storyid=3410...

Selected response from:

MariyaN (X)
United States
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Summary of answers provided
3 +2Rate rigging; unlawful manipulation
MariyaN (X)
3 +1Illegal (conduct) for 不正; rate rigging for 不正操作
T.B.


  

Answers


20 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
Rate rigging; unlawful manipulation


Explanation:
I think, "unlawful" fits just fine; but you can also try different verbs like "rigging" (or, maybe, "tampering", although I am not so sure about this one) in order to convey the meaning of 不正操作. You do not have to necessarily stick to translating each of them separately ( 不正, then 操作), since there are several verbs and expression in English that can perfectly convey the meaning of the entire combination. This way you can keep the meaning and avoid tautology.

"This Libor-manipulation story grows crazier with each passing minute." http://www.rollingstone.com/politics/blogs/taibblog/libor-ba...

"The reputation of Barclays bank took an enormous blow during the Libor rate-fixing scandal, a YouGov poll reveals"http://www.guardian.co.uk/business/2012/sep/10/barclays-repu...

For "rigging": "Royal Bank of Scotland (RBS) faces fines for its part in a global interest rate rigging scandal and wants to reach a settlement as soon as possible.
US and UK authorities are investigating the part-nationalised bank over how it set Libor and other interest rates and it is expected to be one of the next to settle after British rival Barclays was fined $450 million in June." http://www.gulf-daily-news.com/NewsDetails.aspx?storyid=3410...



MariyaN (X)
United States
Specializes in field
Native speaker of: Native in RussianRussian, Native in UkrainianUkrainian
PRO pts in category: 11
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  yumom
1 hr
  -> Thank you.

agree  Nick John (X)
3 hrs
  -> Thank you.
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2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
Illegal (conduct) for 不正; rate rigging for 不正操作


Explanation:
Precisely speaking, 不正 and 不正操作 are two different things. 不正操作 means "rate rigging" or "manipulation." An adjective "不正" in this case is describing 操作.

不正 as in 不正の有無を調査中 refers to 不正行為 or 不法行為, that is, an "illegal conduct or activity."

Illegal conduct
http://www.businessdictionary.com/definition/illegal-conduct...

LIBOR Mega scandal: Matt Taibbi explains illegal LIBOR fixing by the banksters; Roubini has a suggestion…
http://investmentwatchblog.com/libor-mega-scandal-matt-taibb...

American and British lawmakers are now stepping into the Libor scandal investigation as they are scrutinizing regulators to find out whether they failed to take action that might have prevented years of illegal activity.
https://www.sharewellnewswire.com/regulators-now-feeling-the...

T.B.
United States
Local time: 09:45
Specializes in field
Native speaker of: Native in JapaneseJapanese
PRO pts in category: 28

Peer comments on this answer (and responses from the answerer)
agree  Nicholas Hallsworth
7 hrs
  -> Thank you.
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