Senate debates

Thursday, 16 October 2008

FINANCIAL SYSTEM LEGISLATION AMENDMENT (FINANCIAL CLAIMS SCHEME AND OTHER MEASURES) BILL 2008; Financial Claims Scheme (ADIS) Levy Bill 2008; FINANCIAL CLAIMS SCHEME (GENERAL INSURERS) LEVY BILL 2008

In Committee

11:29 am

Photo of Nick SherryNick Sherry (Tasmania, Australian Labor Party, Minister for Superannuation and Corporate Law) Share this | Hansard source

I will endeavour to find out the information you have requested: credit default swap exposure by Australian financial institutions. I will cover off on some other remarks in respect of your amendment, Senator Brown, while we attempt to get some information for you on that particular issue. I have spoken about the general robustness, strength, prudential supervision of Australian financial institutions. I am not being critical of you, Senator Brown, because I know senators’ time is limited and the capacity of senators to go to the estimates where APRA appear three times a year is limited. We all have our own time demands. I have been at estimates for the last 18 years—

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