Mervyn King, the governor of the Bank of England, will assume responsibility for the stability of the financial system and control of the credit cycle, while retaining power to set interest rates.

英格兰银行行长默文金，将会在保持设定利率权力的同时，为了金融体系的稳定而承担责任，并且控制信贷周期。

youdao

By way of comparison, the Bank of England estimates that $2.8 trillion has been lost in credit-related instruments, the devices that dragged the financial system down in the first place.

相比较而言，英格兰银行估计已经有2万8千亿美元损失在与借贷相关的金融产品身上，这些产品正是把整个金融系统拖入深渊的始作俑者。

youdao

Within five days Lehman had gone bust and it quickly became clear that the world's financial system had problems far beyond a single badly run investment bank and temporarily frozen credit markets.

结果五天以后，他的银行倒闭了，同时还向人们证明了一件事：世界金融体系所面临的真正问题并非只是某家投资银行经营不慎或是信贷市场出现暂时性冻结，真正的问题要严重得多。

youdao

And,despite continuing bank failures, Geithner says America's financial system has also been rescued and a catastrophic credit squeeze has eased.

VOA: standard.2009.11.01

The government rescued RBS only because the public needs the bank to supply credit and to provide a payments system.

ECONOMIST: Bankers

In the end the European Central Bank reacted to stop an impending credit crunch in the banking system, injecting hundreds of billions of euros into the system, liquefying the banks.

FORBES: Five Ways Markets Can Avoid Turning Japanese

The Bank of Japan should rapidly flood the banking system with new credit, ending the decade-long dehydration of liquidity.

FORBES: Japan: Falling Off The Cliff