But given the great clout the new entity would have, regulators may conclude that even a large number of disposals would not guarantee robust competition in some areas.

不过，鉴于此次并购产生的新实体影响甚巨，监管机构可能断定：就算并购企业大规模出售资产，也无法保证某些地区竞争机制健全，因而不予批准。

youdao

Some cannot bring themselves to wield the axe: big disposals are often triggered only when a new boss takes over or a financial crisis forces a chief executive's hand.

他们通常不会主动挥起大斧：只有当新老板接手公司或者发生财务危机而迫使其这样做时，通常才会引发这类大的交易改组。

youdao

But both think that disposals of businesses and the issue of new-fangled loss-absorbing bonds, called CoCos, will cover most of that (as it happens, Barclays flogged some of these today).

BBC: Will strengthening banks weaken the economy?

Dru Sharpling, of the HMIC, said out-of-court disposals were a "useful tool" for new offenders, but not persistent offenders.

BBC: Watchdogs criticise out-of-court penalties