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

One of the Labor government’s responses in respect of the current international financial crisis and the lessons that have been learnt is that the credit-rating agencies—in an Australian context they are known as research houses, which perform a similar type of role in a range of unlisted securities—require a fundamental upgrade. I can indicate to you, Senator Brown, that on the subject of the regulatory and supervisory requirements in respect of credit-rating agencies and research houses I will be making a number of policy announcements if not this week then next week, because it does require—