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

Senator Abetz again fails to understand the distinction between covered short selling and naked short selling. You should listen and learn. Through you, Mr President: he should listen and learn. I call on those opposite to support this package.

Further, in the context of the global financial crisis, today I have announced new regulatory and supervisory provisions in respect of the conduct of credit rating agencies. Credit rating agencies were identified as a critical failure to supervise adequately the financial markets in the United States and the assessment of exotic investment options. (Time expired)