And these markets became increasingly concentrated in only two major clearing Banks.

这些市场变得越来越集中于两家大型清算银行。

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Clearing Banks have large branch networks, which result in heavy prop0ery expenditure.

清算银行有庞大的分支网络，结果导致巨大的财政支出。

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Foreign banks, began to locate major branches in London to the detrimentof the clearing banks.

外国银行为了与英国清算银行竞争，开始在伦敦设置主要分行。

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The authorities have also had to resort to quantitative easing, using the balance-sheets of central banks to ensure the funding of clearing banks and to keep the lid on bond yields.

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Yet, one clear objective that seems to have emerged from their meeting over the weekend was that of clearing out banks' toxic assets.

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The latest released minutes of the Exchange Fund Advisory Committee reveal that the panel rejected a proposal to dollarize the "aggregate balance" or the total of the clearing accounts banks maintain with the Monetary Authority, the de facto central bank.

CNN: Intelligence: The Dollarization Debate Again