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

The US central bank has said that most major US banks have strong enough balance sheets to proceed with their plans for payouts to shareholders.

BBC: Federal Reserve approves most bank capital plans