In sydney , some australian banks are grumbling about the basle liquidity reforms .
在悉尼,一些澳大利亚银行对国际清算银行的流动性改革颇有微词。
In essence , basle ii , concocted by the basle committee on banking supervision , set up by 10 leading economic nations , was designed to make sure banks did not overstretch themselves by lending too much money in relation to the amount of capital they held .
After a while sleep fell on heidi too , and after her disturbed night and early rising she slept so soundly that she did not wake till sebastian shook her by the arm and called to her , " wake up , wake up ! We shall have to get out directly ; we are just in basle ! "
Take , for example , the basle ii accord , a voluntary international agreement which might have seemed a crushing bore when it was published in 2004 , but which just might have prevented the credit crunch if the world 's major economies had realised it was actually a good idea .
Danny gabay , a former bank of england economist who now works for fathom consulting , suggested the answer might already be staring us in the face , in the form of the bank for international settlements ( bis ) , the umbrella organisation for the committee that came up with the sensible basle ii accord .