1. How is credit risk related to liquidity risk and how was this relationship manifested in the collapse of Northern Rock? 2. Why was the collapse of Northern Rock described as being a victim of its (Northern Rocks) own funding structure? 3. How can liquidity shocks occur in spite of having adequate capital? 4. Has Basel III addressed the above issues? How? 1. How is credit risk related to liquidity risk and how was this relationship manifested in the collapse of Northern Rock? 2. Why was the collapse of Northern Rock described as being a victim of its (Northern Rocks) own funding structure? 3. How can liquidity shocks occur in spite of having adequate capital? 4. Has Basel III addressed the above issues? How