Senate debates

Wednesday, 26 November 2008

Guarantee Scheme for Large Deposits and Wholesale Funding Appropriation Bill 2008

In Committee

6:20 pm

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

It is not easy to ascertain as of, say, today or Friday because the banks—or anyone who goes into the wholesale markets—will have to make their commercial decisions about the extent to which they go into those wholesale markets, depending on the circumstances that exist at that time, which may well be different from those of, say, today or last week. The other factor is the issue of customers to whom the guarantee and the sorts of provisions are provided. We cannot give an accurate figure. We cannot give a figure, Senator Brown, at this point in time. In respect of the 16 institutions, I am told it is on the website. If you have any particular problems accessing the names, let us know and we will get the names of the 16 for you.

Comments

No comments