Resources for Basel II Capital Accord (Basel II)

Basel regulators believe crisis far from over-source

www.reuters.com

The global credit crisis is far from over and may come in waves, a source close to the Basel Committee on Banking Supervision said on Friday.

Regulators from around the world will meet next week to discuss what the source described as the "hard-core liquidity crisis" which has forced central banks to inject billions of dollars in emergency liquidity into the banking system.

But the source, who declined to be named, said the Basel Committee was unlikely even to discuss suggestions that central banks should become market makers of last resort when liquidity dries up, saying such an idea is out of the question.

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