Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

I know responding to interjections is disorderly, but Senator Rennick's got verbal diarrhoea, it seems, this question time. He can't keep it in.

As I said last week, this is something the government is monitoring closely. In fact, the Treasurer is being briefed twice a day on what's happening overseas, and is also being provided with feedback from regulators and from the banking system here. I think it is very good, and I would think that it's something that this Senate would welcome, that our financial markets and our banking system are well regulated, well led and well capitalised, with good liquidity, and we are not seeing the issues that are being seen overseas.

I did undertake, and I'm not sure if we've done this, to provide you with a written response to the question that you raised last week. I'll chase that if it hasn't got to you, as well as anything further I can provide in relation to the answer I've just given.