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

There are covered bonds that deal expressly with the shipping industry where banks are involved in financing shipping, if I could draw the connection for those who were interjecting. There are also covered bonds in areas of mixed assets. So there is quite a history of covered bonds in other countries and other jurisdictions, and success appears to have accompanied that experience. If you want to have a look at what has happened in Austria, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Luxembourg, the Netherlands, Norway, Poland, Portugal, Slovakia, Spain, Sweden, Switzerland, the Ukraine, the United Kingdom, the United States and—more recently—Canada, you can read that 500-page tome, which is absolutely gripping.

Elsewhere in the nine-point plan—and I am sure that the newly arrived Acting Deputy Speaker would like to hear about the nine-point plan—

See this speech in context