House debates

Monday, 13 October 2008

Questions without Notice

Economy

2:30 pm

Photo of Malcolm TurnbullMalcolm Turnbull (Wentworth, Liberal Party, Leader of the Opposition) Share this | Hansard source

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?

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