House debates Questions without Notice

Economy

Monday, 13 October 2008 House of Representatives

Malcolm Turnbull

Malcolm Turnbull Wentworth, Liberal Party, Leader of the Opposition

2:30 pm

My question is addressed to the Prime Minister. Given that, in other countries, guarantees of the kind just discussed have, on occasion, had the consequence of encouraging risky behaviour by banks, such as offering uncommercially high interest rates to attract depositors or making risky but high-yielding loans to boost income, what steps will the government take to ensure that these guarantees do not result in risky behaviour of that kind, thereby putting the Commonwealth guarantee at greater risk?

Comments

No comments