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So they did not have the liquidity to because of the assets they held to keep up with the needs of the bank, and so the risk team should have traded up those assets but they didn t, and so the fed now is making sure that banks have the right duration risk within their portfolios and they have their portfolios and they have the facilities in place to allow banks to exchange that out. ., , ., , allow banks to exchange that out. ., , ., ~ , out. tony nashe, thank you very much for out. tony nashe, thank you very much for that out. tony nashe, thank you very much for that explanation. - much for that explanation. thank you. a major clean up operation is under way in a small town in new south wales after millions of fish died in a local river. it has now been almost a week since the incident and it s been an anxious time for residents of the town of menindee, who are worried about possible contamination of their water supply. earlier, our correspondent in sydney, phil mercer, gave me mo ....
Official confirmation that they did no wrong and should not have been forced to give up the babies they had yearned to keep. duncan kennedy, bbc news, in edinburgh. what news, in edinburgh. ajourney. a major clean up operation is under way in a small town in new south wales after millions of fish died in a local river. it has now been almost a week since the incident and it s been an anxious time for residents of the town of menindee, who are worried about possible contamination of their water supply. earlier our correspondent in sydney, phil mercer gave me more details. we ve heard from the senior police officer who s leading this emergency clean up in menindee, and he believes that up to 20 million fish could have died in this mass die off. it s believed that the native fish suffocated in what is called hypoxic blackwater. ....
Contamination of their water supply. i m joined now by phil mercer in sydney. thank you very much forjoining us on the programme. what is the situation of the clean up right now? we have heard from the senior police officer who is leading this emergency clean up in menindee, and he believes that up to 20 million fish could have died in this mass die off. it is believed that the native fish suffocated in what is called hypoxic blackwater. this is a naturally occurring phenomenon that causes oxygen levels in the river to be drastically reduced, so essentially it is believed that these fish died because they didn t have enough oxygen, and he clean up will be absolutely exhaustive. the police say he will be a logistical nightmare, so what we are seeing in ....