One reason the approach of both crises was widely missed was that most of the warning signs were not at parent banks but in affiliates, subsidiaries and other murky offshoots.

这两次危机在大范围内都被忽视，其中一个原因是大多数警报信号出现在银行的代理分行、支行及远端分支而不是母行。

youdao

The World Chess Federation has affiliates in around 120 countries.

世界象棋联盟在大约一百二十个国家内设有分支机构。

《柯林斯英汉双解大词典》

International affiliates account for a fast-growing segment of production in economies that open up and welcome foreign investment.

在那些开放并欢迎外国投资的经济体中，国际子公司在生产中占了一个快速增长的部分。

youdao

But President Obama said fighting terrorism is as important now as when the Afghan war began in the days after the September, "Al-Qaida and its affiliates are small men on the wrong side of history."

VOA: standard.2010.05.22

He says finding that out will be crucial. "Whether this was an act of terrorism conducted by al-Qaida central or that of a lone wolf acting independently, we will have to wait and see for the investigation and what comes out of that, but we do know that al-Qaida and their affiliates have a crazed obsession in targeting the aviation industry,"

VOA: standard.2009.12.27

Likewise, companies do not have to value at market prices shares in affiliates and subsidiaries that are held for long-term investment purposes.

ECONOMIST: Japanese corporate profits

Some states are passing laws requiring collection of sales tax by out-of-state entities that have in-state affiliates. (That's the plan in New York, Illinois, Rhode Island and North Carolina.) Amazon has cut ties to affiliates in most affected states.

FORBES: Focus

Verizon, along its UK-based parent, Vodafone, are working on trials of LTE, in conjunction with affiliates in China and India.

FORBES: Magazine Article