术语“竞争机制”的详细信息

英译术语:

competitive mechanism

汉语语境:

许多学者指出，竞争不足是导致信用评级结果缺乏准确性和可靠性的主要原因，监管者应在评级行业中引入竞争机制，从而打破行业垄断、提高行业效率。然而，也有部分学者对此持反对态度，认为“声誉机制”可以替代竞争机制，对评级机构的违规行为施加有效的约束，而增强竞争将是弊大于利。

英语语境:

Many scholars believe that the lack of accuracy and accountability in credit rating is caused by insufficient competition and therefore calling for greater competitive regulation. However, other scholars claim that the "reputational mechanism" could replace the competitive mechanism as an effective disciplinary force on rating agency's misbehavior and excessive competition will do more harm than good.