House debates Questions without Notice

Banking

Thursday, 23 October 2008 House of Representatives

Kevin Rudd

Kevin Rudd Griffith, Australian Labor Party, Prime Minister

2:30 pm

So, on the matters raised by the Leader of the Opposition in his question, as I said before in the earlier part of my answer, the final detail of the premiums which would be attached to term wholesale funding and those which are attached to the guarantees for deposits will be released once the regulators have properly concluded their discussions with the banks and other relevant foreign jurisdictions. What I have been seeking to make is simply the associated point: to maintain the integrity of that process, we must maintain and support the integrity of the institutions which are party to that process, one of which is the Treasury.

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