Behind the scenes in Basel

The Basel-based Bank for International Settlements (BIS) keeps a pretty low profile. Two stories in a week this July - with news of the bank's 2002 annual report quickly overshadowed by the resignation of general manager, Andrew Crockett - were unusual. However, despite public reticence, the corridors of the BIS in Basel hum with activity, as committees a re coordinated, working groups convened and networks of central bankers around the world are quietly orchestrated. But what exactly are the

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