{"id":2170,"date":"2016-10-17T16:24:39","date_gmt":"2016-10-17T14:24:39","guid":{"rendered":""},"modified":"2019-04-05T17:51:43","modified_gmt":"2019-04-05T15:51:43","slug":"427971","status":"publish","type":"post","link":"https:\/\/www.jassemajaka.com\/?p=2170","title":{"rendered":"\u0627\u0644\u0646\u0638\u0627\u0645 \u0627\u0644\u0645\u0627\u0644\u064a \u0627\u0644\u0639\u0627\u0644\u0645\u064a \u0645\u064f\u0647\u062f\u062f \u0648\u0627\u0644\u0633\u0628\u0628&#8230;"},"content":{"rendered":"<p><span style=\"font-weight: bold;\">\u0641\u064a \u0643\u0644 \u0645\u0631\u0651\u0629 \u0647\u0646\u0627\u0643 \u0623\u0632\u0645\u0651\u0629 \u0625\u0642\u062a\u0635\u0627\u062f\u064a\u0629\u060c \u064a\u0643\u0648\u0646 \u0647\u0646\u0627\u0643 \u062e\u0644\u0641\u0647\u0627 \u0623\u0632\u0645\u0629 \u0645\u0627\u0644\u064a\u0629 \u0648\u0627\u0644\u0639\u0643\u0633 \u0628\u0627\u0644\u0639\u0643\u0633. \u0648\u0627\u0644\u0645\u062e\u0627\u0648\u0641 \u0627\u0644\u064a\u0648\u0645 \u062a\u062d\u0648\u0645 \u062d\u0648\u0644 30 \u0645\u0635\u0631\u0641 \u0639\u0627\u0644\u0645\u064a \u0623\u0635\u0628\u062d \u062d\u062c\u0645\u0647\u0645 \u0643\u0628\u064a\u0631 \u0644\u062f\u0631\u062c\u0629 \u0623\u0646 \u0625\u0641\u0644\u0627\u0633 \u0623\u062d\u062f\u0647\u0645 \u064a\u0636\u0639 \u0627\u0644\u0646\u0638\u0627\u0645 \u0627\u0644\u0645\u0627\u0644\u064a \u0627\u0644\u0639\u0627\u0644\u0645\u064a \u0628\u062e\u0637\u0631 \u0643\u0628\u064a\u0631. \u0647\u0630\u0627 \u0627\u0644\u0623\u0645\u0631 \u064a\u0637\u0631\u062d \u0627\u0644\u0633\u0624\u0627\u0644 \u0639\u0646 \u0623\u0633\u0628\u0627\u0628 \u0627\u0644\u0633\u0645\u0627\u062d \u0644\u0647\u0630\u0647 \u0627\u0644\u0645\u0635\u0627\u0631\u0641 \u0628\u0627\u0644\u0648\u0635\u0648\u0644 \u0625\u0644\u0649 \u0647\u0630\u0627 \u0627\u0644\u062d\u062c\u0645 \u0645\u0639 \u0627\u0644\u0639\u0644\u0645 \u0623\u0646\u0647\u0627 \u062e\u0637\u0631 \u0639\u0644\u0649 \u0627\u0644\u0625\u0642\u062a\u0635\u0627\u062f \u0627\u0644\u0639\u0627\u0644\u0645\u064a\u061f<\/span><span style=\"font-weight: bold;\">\u00a0<\/span><\/p>\n<p>\u0645\u0627 \u0632\u0627\u0644\u062a \u062a\u062f\u0627\u0639\u064a\u0627\u062a \u0627\u0644\u0623\u0632\u0645\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u0639\u0627\u0644\u0645\u064a\u0629 \u0627\u0644\u062a\u064a \u0639\u0635\u0641\u062a \u0628\u0627\u0644\u0639\u0627\u0644\u0645 \u0641\u064a \u0627\u0644\u0639\u0627\u0645 2008 \u0645\u0648\u062c\u0648\u062f\u0629 \u0641\u064a \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0627\u0644\u062f\u0648\u0644 \u0648\u0639\u0644\u0649 \u0631\u0623\u0633\u0647\u0627 \u0627\u0644\u0648\u0644\u0627\u064a\u0627\u062a \u0648\u0627\u0644\u062f\u0648\u0644 \u0627\u0644\u063a\u0631\u0628\u064a\u0629 \u0648\u0627\u0644\u0635\u064a\u0646 \u0648\u0627\u0644\u064a\u0627\u0628\u0627\u0646 \u0648\u063a\u064a\u0631\u0647\u0627. \u0646\u0639\u0645 \u0645\u0627 \u0632\u0627\u0644\u062a \u0647\u0630\u0647 \u0627\u0644\u0623\u062b\u0627\u0631 \u0645\u0648\u062c\u0648\u062f\u0629 \u0648\u062a\u0645\u0646\u0639 \u0627\u0644\u0646\u0645\u0648 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a \u0641\u064a \u0647\u0630\u0647 \u0627\u0644\u0628\u0644\u062f\u0627\u0646 \u0627\u0644\u062a\u064a \u0644\u0645 \u062a\u062a\u0648\u0627\u0646\u0649 \u0639\u0646 \u0637\u0628\u0639 \u0627\u0644\u0639\u0645\u0644\u0627\u062a (\u0645\u064f\u0647\u062f\u062f\u0629 \u0628\u0630\u0644\u0643 \u0627\u0644\u0646\u0638\u0627\u0645 \u0627\u0644\u0645\u0627\u0644\u064a) \u0628\u0647\u062f\u0641 \u0636\u062e \u0627\u0644\u0623\u0645\u0648\u0627\u0644 \u0641\u064a \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0648\u0625\u0646\u0642\u0627\u0630 \u0627\u0644\u0645\u0635\u0627\u0631\u0641 \u0627\u0644\u062a\u064a \u0643\u0627\u0646\u062a \u0627\u0644\u0633\u0628\u0628 \u0641\u064a \u0627\u0644\u0623\u0632\u0645\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0648\u0633\u0642\u0648\u0637\u0647\u0627 \u064a\u0639\u0646\u064a \u0633\u0642\u0648\u0637 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f \u0627\u0644\u0639\u0627\u0644\u0645\u064a.<\/p>\n<p>\u0647\u0630\u0647 \u0627\u0644\u0623\u0632\u0645\u0629 \u0628\u062f\u0623\u062a \u0645\u0639 \u0627\u0644\u0645\u0634\u062a\u0642\u0627\u062a \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u0629 \u0627\u0644\u0645\u0633\u0645\u0648\u0645\u0629 \u0648\u0627\u0644\u062a\u064a \u0642\u0627\u0645\u062a \u0627\u0644\u0645\u0635\u0627\u0631\u0641 \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a\u0629 \u0628\u062a\u0631\u0643\u064a\u0628\u0647\u0627 \u0648\u0628\u064a\u0639\u0647\u0627 \u0644\u0644\u0639\u0627\u0644\u0645 \u0623\u062c\u0645\u0639 \u0645\u0639 \u062a\u0635\u0646\u064a\u0641 \u0625\u0626\u062a\u0645\u0627\u0646\u064a AAA. \u0648\u0628\u0627\u0644\u062a\u0627\u0644\u064a \u0648\u0645\u0639 \u0638\u0647\u0648\u0631 \u0627\u0644\u062d\u0642\u064a\u0642\u0629 \u0643\u0627\u0646\u062a \u0623\u0648\u0644\u0649 \u0636\u062d\u0627\u064a\u0627 \u0647\u0630\u0647 \u0627\u0644\u0639\u0645\u0644\u064a\u0627\u062a \u0627\u0644\u0645\u0635\u0627\u0631\u0641 \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a\u0629 \u0648\u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629 \u0648\u0639\u0644\u0649 \u0631\u0623\u0633\u0647\u0627 \u0644\u064a\u0645\u0627\u0646 \u0628\u0631\u0627\u0630\u0631\u0632 \u0627\u0644\u0630\u064a \u0643\u0627\u0646 \u062d\u062c\u0645\u0647 \u0645\u0646 \u0627\u0644\u0640 Market Making \u0641\u064a \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0639\u0627\u0644\u0645\u064a\u0629. \u0627\u0644\u0645\u064f\u0634\u0643\u0644\u0629 \u0623\u0646 \u0627\u0644\u062a\u062f\u0627\u0639\u064a\u0627\u062a \u062a\u0639\u0648\u062f \u0639\u0644\u0649 \u0627\u0644\u0645\u0648\u0627\u0637\u0646 \u0648\u0639\u0644\u0649 \u0631\u062e\u0627\u0626\u0647 \u0648\u0645\u0639\u064a\u0634\u062a\u0647\u060c \u0648\u0628\u0627\u0644\u062a\u0627\u0644\u064a \u0641\u0625\u0646 \u062d\u062c\u0645 \u0647\u0630\u0647 \u0627\u0644\u0645\u0635\u0627\u0631\u0641 \u0647\u0648 \u0645\u064f\u0634\u0643\u0644\u0629 \u0628\u062d\u062f \u0630\u0627\u062a\u0647\u0627 \u0644\u0623\u0646 \u0623\u064a \u0625\u0641\u0644\u0627\u0633 \u0644\u0623\u062d\u062f \u0647\u0630\u0647 \u0627\u0644\u0645\u0635\u0627\u0631\u0641 \u0643\u0641\u064a\u0644 \u0628\u0625\u0633\u0642\u0627\u0637 \u0627\u0644\u0645\u0635\u0627\u0631\u0641 \u0627\u0644\u0623\u062e\u0631\u0649 \u0645\u0639 \u062d\u062c\u0645 \u0627\u0644\u0625\u0644\u062a\u0632\u0627\u0645\u0627\u062a \u0627\u0644\u062b\u0646\u0627\u0626\u064a\u0629 \u0628\u064a\u0646 \u0627\u0644\u0645\u0635\u0631\u0641 \u0627\u0644\u0645\u064f\u0641\u0644\u0633 \u0648\u0646\u0638\u0631\u0627\u0626\u0647.<\/p>\n<p>\u0627\u0644\u064a\u0648\u0645 \u0627\u0644\u0648\u0636\u0639 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a \u0627\u0644\u0639\u0627\u0644\u0645\u064a \u0645\u064f\u062a\u0631\u062f\u0651\u064a \u0648\u0647\u0630\u0627 \u0627\u0644\u0623\u0645\u0631 \u062f\u0641\u0639 \u0628\u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0625\u0644\u0649 \u0627\u0644\u0639\u0635\u0628\u064a\u0629 \u0645\u0639 \u062a\u063a\u064a\u064a\u0631\u0627\u062a (Volatility) \u0647\u0627\u0626\u0644\u0629 \u0641\u064a \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0623\u0635\u0648\u0644\u0627\u0644\u0645\u0627\u0644\u064a\u0629. \u0623\u064a\u0636\u064b\u0627 \u0647\u0646\u0627\u0643 \u0645\u0624\u0634\u0631\u0627\u062a \u0633\u0644\u0628\u064a\u0629 \u0641\u064a \u0647\u0630\u0647 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u062a\u0648\u062d\u064a \u0628\u0623\u0646 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0625\u0632\u062f\u0627\u062f\u062a \u0645\u0639 \u062a\u0631\u062f\u0651\u064a \u0627\u0644\u0648\u0636\u0639 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a \u0648\u062a\u0631\u0627\u062c\u0639 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0646\u0641\u0637 \u0648\u0627\u0644\u0642\u0637\u0627\u0639 \u0627\u0644\u0639\u0642\u0627\u0631\u064a \u0627\u0644\u0645\u062a\u0631\u0627\u062c\u0639 \u0639\u0627\u0644\u0645\u064a\u064b\u0627. \u0648\u0644\u0645 \u064a\u0646\u0642\u0635 \u0647\u0630\u0627 \u0627\u0644\u0645\u0632\u064a\u062c \u0625\u0644\u0627 \u0642\u0631\u0627\u0631 \u0627\u0644\u0628\u0631\u064a\u0637\u0627\u0646\u064a\u064a\u0646 \u0628\u0627\u0644\u062e\u0631\u0648\u062c \u0645\u0646 \u0627\u0644\u0625\u062a\u062d\u0627\u062f \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a \u0644\u064a\u0632\u064a\u062f \u0627\u0644\u0636\u063a\u0637 \u0639\u0644\u0649 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f \u0627\u0644\u0628\u0631\u064a\u0637\u0627\u0646\u064a\u060c \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a \u0648\u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a. \u0647\u0630\u0627 \u0627\u0644\u0635\u0648\u0631\u0629 \u0627\u0644\u0633\u0648\u062f\u0627\u0621 \u062a\u0624\u062c\u062c \u0627\u0644\u0645\u062e\u0627\u0648\u0641 \u0645\u0646 \u0623\u0632\u0645\u0629 \u0645\u0627\u0644\u064a\u0629 \u0642\u062f \u062a\u0638\u0647\u0631 \u0646\u062a\u064a\u062c\u0629 \u0641\u0642\u062f\u0627\u0646 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0641\u064a \u0627\u0644\u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0625\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629 \u0648\u0627\u0644\u062a\u064a \u062a\u062d\u062a \u062a\u0623\u062b\u064a\u0631 \u0627\u0644\u0625\u0631\u062a\u0628\u0627\u0643 \u0642\u062f \u062a\u062f\u0641\u0639 \u0627\u0644\u0645\u064f\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0625\u0644\u0649 \u0633\u062d\u0628 \u0623\u0645\u0648\u0627\u0644\u0647\u0645 \u0648\u0628\u0627\u0644\u062a\u0627\u0644\u064a \u062e\u0644\u0642 \u0623\u0632\u0645\u0629 \u0633\u064a\u0648\u0644\u0629 \u0639\u0627\u0644\u0645\u064a\u0629. \u0627\u0644\u062c\u062f\u064a\u0631 \u0628\u0627\u0644\u0630\u0643\u0631 \u0623\u0646 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0647\u064a \u0627\u0644\u062a\u064a \u062a\u064f\u062d\u062f\u062f \u0643\u0644 \u0634\u064a\u0621 \u0628\u062d\u0643\u0645 \u0623\u0646 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0647\u064a \u0627\u0644\u0645\u0639\u0628\u0631 \u0627\u0644\u0623\u0633\u0627\u0633\u064a \u0644\u0644\u062a\u0645\u0648\u064a\u0644 \u0641\u064a \u0627\u0644\u0625\u0642\u062a\u0635\u0627\u062f\u0627\u062a \u0627\u0644\u0645\u064f\u062a\u0637\u0648\u0631\u0629.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.jassemajaka.com\/wp-content\/uploads\/2019\/01\/8c33b7_fa6c3027f24a48f88b548f2ca4c880f6~mv2.jpg\" alt=\"\" width=\"600\" height=\"393\" \/><\/p>\n<p>\u0627\u0644\u0645\u064f\u0634\u0643\u0644\u0629 \u0627\u0644\u062a\u064a \u064a\u0648\u0627\u062c\u0647\u0647\u0627 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f \u0627\u0644\u0639\u0627\u0644\u0645\u064a \u0647\u064a \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u0645\u064f\u062a\u062f\u0646\u064a\u0629 \u0648\u0627\u0644\u062a\u064a \u062a\u0639\u0646\u064a \u0623\u0646 \u0627\u0644\u0645\u064f\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0644\u0627 \u064a\u0631\u0648\u0646 \u0645\u0646 \u0623\u0645\u0644 \u0641\u064a \u0646\u0645\u0648 \u0625\u0642\u062a\u0635\u0627\u062f\u064a\u060c \u0644\u0630\u0627 \u0644\u0627 \u064a\u0639\u0645\u062f\u0648\u0646 \u0625\u0644\u0649 \u0627\u0644\u0625\u0633\u062a\u062b\u0645\u0627\u0631 \u0641\u064a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f \u0639\u0628\u0631 \u0633\u0648\u0642 \u0627\u0644\u0623\u0633\u0647\u0645\u060c \u0628\u0644 \u064a\u0630\u0647\u0628\u0648\u0646 \u0625\u0644\u0649 \u0627\u0644\u0625\u0633\u062a\u062b\u0645\u0627\u0631 \u0641\u064a \u0627\u0644\u0645\u0648\u0627\u062f \u0627\u0644\u0623\u0648\u0644\u064a\u0629 \u0645\u062b\u0644 \u0627\u0644\u0630\u0647\u0628 \u0623\u0648 \u0627\u0644\u0639\u0642\u0627\u0631\u0627\u062a. \u0627\u0644\u0645\u064f\u0634\u0643\u0644\u0629 \u0645\u0639 \u0627\u0644\u0639\u0642\u0627\u0631\u0627\u062a \u0623\u0646 \u0623\u0633\u0648\u0627\u0642\u0647\u0627 \u062a\u0631\u0627\u062c\u0639\u062a \u0648\u0628\u0627\u0644\u062a\u0627\u0644\u064a \u0644\u0645 \u064a\u0639\u062f \u064a\u0648\u062c\u062f \u0627\u0644\u0643\u062b\u064a\u0631 \u0645\u0646 \u0627\u0644\u0625\u062d\u062a\u0645\u0627\u0644\u0627\u062a \u0623\u0645\u0627\u0645 \u0627\u0644\u0645\u064f\u0633\u062b\u062a\u0645\u0631\u064a\u0646 \u062e\u0635\u0648\u0635\u064b\u0627 \u0623\u0646 \u0633\u0646\u062f\u0627\u062a \u0627\u0644\u062e\u0632\u064a\u0646\u0629 \u0627\u0644\u062a\u064a \u0643\u0627\u0646\u062a \u062a\u064f\u0639\u062a\u0628\u0631 \u0645\u0644\u0627\u0630 \u0622\u0645\u0646\u060c \u0623\u0635\u0628\u062d\u062a \u0645\u062e\u0627\u0637\u0631\u0647\u0627 \u0623\u0639\u0644\u0649 \u0645\u0646 \u0627\u0644\u0633\u0627\u0628\u0642 \u0645\u0639 \u062a\u0639\u0627\u0638\u0645 \u0627\u0644\u062f\u064a\u0648\u0646 \u0627\u0644\u0633\u064a\u0627\u062f\u064a\u0629 \u0641\u064a \u0627\u0644\u0639\u0627\u0644\u0645.<\/p>\n<p>\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u0645\u064f\u062a\u062f\u0646\u064a\u0629 \u0647\u0630\u0647 \u0644\u0627 \u062a\u0633\u0645\u062d \u0644\u0644\u0645\u0635\u0627\u0631\u0641 \u0628\u0627\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0645\u0633\u062a\u0648\u0649 \u0623\u0631\u0628\u0627\u062d\u0647\u0627 \u0627\u0644\u0633\u0627\u0628\u0642\/ \u0648\u0628\u0627\u0644\u062a\u0627\u0644\u064a \u0647\u0646\u0627\u0643 \u0645\u064f\u0634\u0643\u0644\u0629 \u062a\u0648\u0627\u062c\u0647 \u0647\u0630\u0647 \u0627\u0644\u0645\u0635\u0627\u0631\u0641 \u0645\u0646 \u062e\u0644\u0627\u0644 \u0627\u0644\u0625\u0637\u0627\u0631 \u0627\u0644\u0642\u0627\u0646\u0648\u0646\u064a \u0627\u0644\u0630\u064a \u064a\u0641\u0631\u0636 \u0639\u0644\u064a\u0647\u0627 \u0627\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0633\u064a\u0648\u0644\u0629 \u0639\u0627\u0644\u064a\u0629.\u0623\u0636\u0641 \u0625\u0644\u0649 \u0630\u0644\u0643 \u0648\u062c\u0648\u062f \u0628\u0639\u0636 \u0627\u0644\u0645\u0635\u0627\u0631\u0641 \u0641\u064a \u0648\u0636\u0639 \u063a\u064a\u0631 \u0645\u0631\u064a\u062d \u0639\u0644\u0649 \u0645\u062b\u0627\u0644 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0623\u0644\u0645\u0627\u0646\u064a Deutche Bank \u0627\u0644\u0630\u064a \u064a\u0648\u0627\u062c\u0647 \u0645\u0634\u0627\u0643\u0644 \u0642\u0627\u0646\u0648\u0646\u064a\u0629 \u0645\u0639 \u0627\u0644\u062e\u0632\u064a\u0646\u0629 \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a\u0629 \u0648\u0628\u0627\u0644\u062a\u0627\u0644\u064a \u0645\u064f\u0637\u0627\u0644\u0628 \u0628\u0623\u0645\u0648\u0627\u0644 \u0647\u0627\u0626\u0644\u0629. \u0648\u0628\u062d\u0633\u0628 \u0627\u0644\u0646\u0645\u0627\u0630\u062c \u0627\u0644\u062d\u0633\u0627\u0628\u064a\u0629 \u0641\u0625\u0646 \u0625\u062d\u062a\u0645\u0627\u0644 \u0625\u0641\u0644\u0627\u0633 \u0647\u0630\u0627 \u0627\u0644\u0645\u0635\u0631\u0641 \u062a\u0641\u0648\u0642 \u0627\u0644\u0640 30 \u0641\u064a \u0627\u0644\u0623\u0639\u0648\u0627\u0645 \u0627\u0644\u062e\u0645\u0633\u0629 \u0627\u0644\u0645\u064f\u0642\u0628\u0644\u0629.\u0648\u0647\u0630\u0627 \u0627\u0644\u0623\u0645\u0631 \u0625\u0630\u0627 \u062d\u0635\u0644 \u0633\u064a\u064f\u0633\u0628\u0628 \u0623\u0632\u0645\u0629 \u0645\u0627\u0644\u064a\u0629 \u0639\u0627\u0644\u0645\u064a\u0629 \u062c\u062f\u064a\u062f\u0629 \u0628\u0625\u0639\u062a\u0628\u0627\u0631 \u0623\u0646 \u0627\u0644\u0645\u0635\u0631\u0641 \u0627\u0644\u0623\u0644\u0645\u0627\u0646\u064a \u0647\u0648 \u0648\u0627\u062d\u062f \u0645\u0646 30 \u0645\u0635\u0631\u0641 \u0639\u0627\u0644\u0645\u064a \u062d\u062c\u0645\u0647\u0645 \u0643\u0628\u064a\u0631 \u0625\u0644\u0649 \u062f\u0631\u062c\u0629 \u0623\u0646\u0647 \u0642\u062f \u064a\u064f\u0633\u0628\u0628 \u0636\u0631\u0631 \u0643\u0628\u064a\u0631 \u0639\u0644\u0649 \u0627\u0644\u0646\u0638\u0627\u0645 \u0627\u0644\u0645\u0627\u0644\u064a \u0627\u0644\u0639\u0627\u0644\u0645\u064a \u0641\u064a \u062d\u0627\u0644 \u0623\u0641\u0644\u0633!<\/p>\n<p>\u0648\u0642\u062f \u0642\u0627\u0645 \u0645\u062c\u0644\u0633 \u0627\u0644\u062b\u0628\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a (Financial Stability Board) \u0627\u0644\u0645\u064f\u0646\u0628\u062b\u0642 \u0639\u0646 \u0645\u062c\u0645\u0648\u0639\u0629 \u0627\u0644\u0639\u0634\u0631\u064a\u0646 \u0628\u0648\u0636\u0639 \u0644\u0627\u0626\u062d\u0629 \u062a\u0635\u0646\u064a\u0641 \u0628\u0627\u0644\u0645\u0635\u0627\u0631\u0641 \u0627\u0644\u062a\u064a \u062a\u064f\u0633\u0645\u0651\u0649 &#8220;Too big to fail&#8221; \u0623\u064a \u062d\u062c\u0645\u0647\u0627 \u0643\u0628\u064a\u0631 \u0644\u0643\u064a \u064a\u064f\u0633\u0645\u062d \u0644\u0647\u0627 \u0628\u0627\u0644\u0625\u0641\u0644\u0627\u0633. \u0648\u0627\u0644\u062a\u0635\u0646\u064a\u0641 \u064a\u0623\u062e\u0630 \u0628\u0639\u064a\u0646 \u0627\u0644\u0625\u0639\u062a\u0628\u0627\u0631 \u0627\u0644\u0636\u0631\u0631 \u0639\u0644\u0649 \u0627\u0644\u0646\u0638\u0627\u0645 \u0627\u0644\u0645\u0627\u0644\u064a \u0627\u0644\u0639\u0627\u0644\u0645\u064a \u0648\u0648\u064f\u0636\u0639 \u0645\u0642\u064a\u0627\u0633 \u0639\u0644\u0649 \u062e\u0645\u0633\u0629 \u062d\u064a\u062b \u064a\u064f\u0634\u0643\u0644 \u0627\u0644\u0631\u0642\u0645 \u0627\u0644\u0623\u0642\u0644 \u062e\u0637\u0631\u064b\u0627 \u0648 \u0627\u0644\u0623\u0643\u062b\u0631 \u062e\u0637\u0631\u064b\u0627.<\/p>\n<p>\u0648\u0623\u062a\u062a \u0627\u0644\u0646\u062a\u064a\u062d\u0629 \u0639\u0644\u0649 \u0627\u0644\u0646\u062d\u0648 \u0627\u0644\u062a\u0627\u0644\u064a: \u0641\u064a \u0627\u0644\u0645\u0631\u062a\u0628\u0629 \u0627\u0644\u0623\u0648\u0644\u0649 (\u0664\u0665) HSBC \u0648 JPMorgan\u061b \u0641\u064a \u0627\u0644\u0645\u0631\u062a\u0628\u0629 \u0627\u0644\u062b\u0627\u0646\u064a\u0629 (\u0663\u0665)\u00a0Barclays\u060c BNP\u060c Citigroup\u060c Deutsche Bank\u061b \u0641\u064a \u0627\u0644\u0645\u0631\u062a\u0628\u0629 \u0627\u0644\u062b\u0627\u0644\u062b\u0629 (\u0662\u0665) Bank of America\u060c Credit Suisse\u060c Goldman Sachs\u060c Mitsubishi UFJ FG\u060c \u0648 Morgan Stanley\u061b \u0648\u0641\u064a \u0627\u0644\u0645\u0631\u062a\u0628\u0629 \u0627\u0644\u0631\u0627\u0628\u0639\u0629 (\u0661\u0665) Agriculture Bank of China\u060c Bank of China\u060c Bank of New York\u060c China Construction Bank\u060c BPCE\u060c Credit Agricole\u060c ICBC\u060c ING\u060c Mizuho FG\u060c Nordea\u060c RBS\u060c Santander\u060c SG\u060c Standard Chartered\u060c State Street\u060c Sumitomo Mitsui\u060c UBS\u060c Unicredit\u060c \u0648Weels Fargo.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.jassemajaka.com\/wp-content\/uploads\/2019\/01\/8c33b7_b029399700314dab8ec1f5948dcab652~mv2.jpg\" alt=\"\" width=\"600\" height=\"381\" \/><\/p>\n<p>\u0628\u0627\u0644\u0637\u0628\u0639 \u0627\u0644\u0647\u062f\u0641 \u0645\u0646 \u0647\u0630\u0647 \u0627\u0644\u0644\u0627\u0626\u062d\u0629 \u0647\u0648 \u0645\u0631\u0627\u0642\u0628\u0629 \u0647\u0630\u0647 \u0627\u0644\u0645\u0635\u0627\u0631\u0641 \u0639\u0646 \u0643\u062b\u0628 \u0645\u0646 \u0642\u0628\u0644 \u0627\u0644\u0633\u0644\u0637\u0627\u062a \u0627\u0644\u0631\u0642\u0627\u0628\u064a\u0629\u060c \u0625\u0644\u0627 \u0623\u0646 \u0627\u0644\u062a\u062c\u0631\u0628\u0629 \u0639\u0644\u0649 \u0627\u0644\u0623\u0631\u0636 \u0645\u0639 \u0645\u064f\u0634\u0643\u0644\u0629 Deutsche Bank \u062a\u0637\u0631\u062d \u0627\u0644\u0633\u0624\u0627\u0644 \u0639\u0646 \u0642\u062f\u0631\u0629 \u0633\u0644\u0637\u0627\u062a \u0627\u0644\u0631\u0642\u0627\u0628\u0629 \u0639\u0644\u0649 \u0625\u0633\u062a\u0628\u0627\u0642 \u0627\u0644\u0623\u062d\u062f\u0627\u062b \u0643\u0645\u0627 \u062d\u0635\u0644 \u0645\u0639 \u0627\u0644\u0645\u0635\u0631\u0641 \u0627\u0644\u0623\u0644\u0645\u0627\u0646\u064a. \u0648\u0627\u0644\u062a\u0642\u064a\u062f \u0627\u0644\u0634\u062f\u064a\u062f \u064a\u0645\u0646\u0639 \u0627\u0644\u0645\u0635\u0627\u0631\u0641 \u0645\u0646 \u0627\u0644\u062a\u0637\u0648\u0631 \u0648\u0627\u0644\u0646\u0645\u0648 \u0644\u0630\u0627 \u064a\u064f\u0645\u0643\u0646 \u0637\u0631\u062d \u0627\u0644\u0633\u0624\u0627\u0644 \u0627\u0644\u062a\u0627\u0644\u064a: \u0644\u0645\u0627\u0630\u0627 \u062a\u0631\u0643 \u0647\u0630\u0647 \u0627\u0644\u0645\u0635\u0627\u0631\u0641 \u062a\u0628\u0644\u063a \u0647\u0630\u0627 \u0627\u0644\u0645\u064f\u0633\u062a\u0648\u0649 \u0645\u0646 \u0627\u0644\u062d\u062c\u0645\u061f \u0623\u0644\u0627 \u064a\u062c\u0628 \u0648\u0636\u0639 \u062d\u062f\u0651 \u0623\u0642\u0635\u0649 \u0644\u0627 \u064a\u064f\u0634\u0643\u0651\u0644 \u062e\u0637\u0631 \u0639\u0644\u0649 \u0627\u0644\u0646\u0638\u0627\u0645 \u0627\u0644\u0645\u0627\u0644\u064a \u0627\u0644\u0639\u0627\u0644\u0645\u064a \u0641\u064a \u062d\u0627\u0644 \u0623\u0641\u0644\u0633 \u0623\u062d\u062f \u0647\u0630\u0647 \u0627\u0644\u0645\u0635\u0627\u0631\u0641\u061f<\/p>\n<p>\u0627\u0644\u062c\u0648\u0627\u0628 \u0645\u064f\u0639\u0642\u062f\u0651 \u0648\u064a\u0637\u0631\u062d \u0633\u0624\u0627\u0644 \u0623\u0633\u0627\u0633\u064a \u0641\u064a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f \u0623\u0644\u0627 \u0648\u0647\u0648 \u062d\u0631\u064a\u0629 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0641\u064a \u0645\u0645\u0627\u0631\u0633\u0629 \u0639\u0645\u0644\u0647\u0627! \u0645\u0646 \u0647\u0630\u0627 \u0627\u0644\u0645\u064f\u0646\u0637\u0644\u0642 \u062a\u0642\u0639 \u0627\u0644\u0633\u0644\u0637\u0627\u062a \u0641\u064a \u0645\u0639\u0636\u0644\u0629 \u0627\u0644\u062e\u064a\u0627\u0631 \u0628\u064a\u0646 \u0633\u0648\u0642 \u062d\u0631\u0651 \u0648\u0628\u064a\u0646 \u0633\u0648\u0642 \u0634\u0628\u0647 \u0645\u0648\u062c\u0647. \u0648\u0628\u0625\u0639\u062a\u0642\u0627\u062f\u0646\u0627 \u0623\u0646 \u0627\u0644\u0646\u0638\u0631\u064a\u0627\u062a \u062e\u064f\u0644\u0642\u062a \u0644\u062e\u062f\u0645\u0629 \u0627\u0644\u0625\u0646\u0633\u0627\u0646 \u0644\u0630\u0627 \u0645\u0646 \u0627\u0644\u0636\u0631\u0648\u0631\u064a \u062a\u063a\u064a\u064a\u0631 \u0647\u0630\u0647 \u0627\u0644\u0646\u0638\u0631\u064a\u0627\u062a \u0628\u0645\u0627 \u064a\u062a\u0646\u0627\u0633\u0628 \u0645\u0639 \u0627\u0644\u0648\u0627\u0642\u0639 \u0627\u0644\u062d\u0642\u064a\u0642\u064a. \u0648\u0639\u0644\u064a\u0647 \u064a\u062a\u0648\u062c\u0628 \u0639\u0644\u0649 \u0645\u062c\u0645\u0648\u0639\u0629 \u0627\u0644\u0639\u0634\u0631\u064a\u0646 \u0648\u0636\u0639 \u0633\u0642\u0641 \u0644\u062d\u062c\u0645 \u0627\u0644\u0645\u0635\u0631\u0641 \u0645\u0646 \u0646\u0627\u062d\u064a\u0629 \u0627\u0644\u0625\u0644\u062a\u0632\u0627\u0645\u0627\u062a \u0627\u0644\u0645\u0635\u0631\u0641\u064a\u0629 \u0631\u0623\u0641\u0629 \u0628\u0627\u0644\u0639\u0628\u0627\u062f.<br \/>\n<a href=\"https:\/\/www.eliktisad.com\/news\/show\/255136\/%D8%A7%D9%84%D9%86%D8%B8%D8%A7%D9%85-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A-%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85%D9%8A-%D9%85%D9%8F%D9%87%D8%AF%D8%AF-%D9%88%D8%A7%D9%84%D8%B3%D8%A8%D8%A8...\"><span style=\"text-decoration: underline;\">\u0631\u0627\u0628\u0637 \u0627\u0644\u0646\u0634\u0631\u0629 \u0627\u0644\u0625\u0642\u062a\u0635\u0627\u062f\u064a\u0629<\/span>\u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u0641\u064a \u0643\u0644 \u0645\u0631\u0651\u0629 \u0647\u0646\u0627\u0643 \u0623\u0632\u0645\u0651\u0629 \u0625\u0642\u062a\u0635\u0627\u062f\u064a\u0629\u060c \u064a\u0643\u0648\u0646 \u0647\u0646\u0627\u0643 \u062e\u0644\u0641\u0647\u0627 \u0623\u0632\u0645\u0629 \u0645\u0627\u0644\u064a\u0629 \u0648\u0627\u0644\u0639\u0643\u0633 \u0628\u0627\u0644\u0639\u0643\u0633. \u0648\u0627\u0644\u0645\u062e\u0627\u0648\u0641 \u0627\u0644\u064a\u0648\u0645 \u062a\u062d\u0648\u0645 \u062d\u0648\u0644 30 \u0645\u0635\u0631\u0641 \u0639\u0627\u0644\u0645\u064a \u0623\u0635\u0628\u062d \u062d\u062c\u0645\u0647\u0645 \u0643\u0628\u064a\u0631 \u0644\u062f\u0631\u062c\u0629 \u0623\u0646 \u0625\u0641\u0644\u0627\u0633 \u0623\u062d\u062f\u0647\u0645 \u064a\u0636\u0639 \u0627\u0644\u0646\u0638\u0627\u0645 \u0627\u0644\u0645\u0627\u0644\u064a \u0627\u0644\u0639\u0627\u0644\u0645\u064a \u0628\u062e\u0637\u0631 \u0643\u0628\u064a\u0631. \u0647\u0630\u0627 \u0627\u0644\u0623\u0645\u0631 \u064a\u0637\u0631\u062d \u0627\u0644\u0633\u0624\u0627\u0644 \u0639\u0646 \u0623\u0633\u0628\u0627\u0628 \u0627\u0644\u0633\u0645\u0627\u062d \u0644\u0647\u0630\u0647 \u0627\u0644\u0645\u0635\u0627\u0631\u0641 \u0628\u0627\u0644\u0648\u0635\u0648\u0644 \u0625\u0644\u0649 \u0647\u0630\u0627 \u0627\u0644\u062d\u062c\u0645 \u0645\u0639 \u0627\u0644\u0639\u0644\u0645 \u0623\u0646\u0647\u0627 \u062e\u0637\u0631 \u0639\u0644\u0649 \u0627\u0644\u0625\u0642\u062a\u0635\u0627\u062f \u0627\u0644\u0639\u0627\u0644\u0645\u064a\u061f\u00a0 \u0645\u0627 \u0632\u0627\u0644\u062a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45],"tags":[646,107,645,100,106],"class_list":["post-2170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-45","tag-sifi","tag-107","tag-645","tag-100","tag-newspaperarticles"],"jetpack_featured_media_url":"https:\/\/www.jassemajaka.com\/wp-content\/uploads\/2019\/01\/8c33b7_3893f9dd74004dabaff47933ee498d7e~mv2.png","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/saTyQg-427971","_links":{"self":[{"href":"https:\/\/www.jassemajaka.com\/index.php?rest_route=\/wp\/v2\/posts\/2170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jassemajaka.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jassemajaka.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jassemajaka.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jassemajaka.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2170"}],"version-history":[{"count":3,"href":"https:\/\/www.jassemajaka.com\/index.php?rest_route=\/wp\/v2\/posts\/2170\/revisions"}],"predecessor-version":[{"id":7881,"href":"https:\/\/www.jassemajaka.com\/index.php?rest_route=\/wp\/v2\/posts\/2170\/revisions\/7881"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.jassemajaka.com\/index.php?rest_route=\/wp\/v2\/media\/2171"}],"wp:attachment":[{"href":"https:\/\/www.jassemajaka.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jassemajaka.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jassemajaka.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}