House debates

Wednesday, 12 October 2011

Bills

Banking Amendment (Covered Bonds) Bill 2011; Second Reading

12:26 pm

Photo of Bruce BillsonBruce Billson (Dunkley, Liberal Party, Shadow Minister for Small Business, Competition Policy and Consumer Affairs) Share this | Hansard source

I had a look through it, but I needed much encouragement to persevere in reading all of it. It covers the experience of covered bonds both in Europe and in North America. It captures the value of that marketplace. It identifies the fact that covered bonds have been used to finance public sector investment in infrastructure. It has also been used as a way of providing mortgage finance in the shipping industry.

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