Government measures to address confidence concerns in the financial sector - The Financial Claims Scheme and the Guarantee Scheme for Large Deposits and Wholesale Funding

17 September 2009

© Commonwealth of Australia 2009
ISBN 978-1-74229-142-0

View the report as a single document - (PDF 976KB)

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View the report as separate downloadable parts:

Membership of Committee	(PDF 11KB)
Summary	(PDF 13KB)
Chapter 1 - Introduction	(PDF 131KB)
The referral Summary of the guarantees Background Conduct of the inquiry Structure of the report
Chapter 2 - The deposit guarantees	(PDF 66KB)
The introduction of the deposit guarantees The fee for deposits over $1 million International comparison Corresponding obligations
Chapter 3 - The wholesale funding guarantee	(PDF 113KB)
The introduction of the wholesale funding guarantee Monitoring and disclosure Setting the premia for the guarantee Tiering of the premia The contingent liability from the guarantees
Chapter 4 - The impact of the funding guarantees	(PDF 241KB)
The impact on banks Longer-run concerns about moral hazard The impact on non-ADI financial institutions Impact on residential mortgage securitisation Impact on other bond markets Impact on competition in financial markets The impact on interest rates
Chapter 5 - The transition to a permanent scheme	(PDF 340KB)
Removing the guarantees International co-ordination of the transition An ongoing deposit insurance scheme
Labor Senators' Dissenting Report	(PDF 25KB)
Introduction of the Guarantees Guarantees are not unlimited Premiums for ADI Residential Mortgage Backed Guarantees A very small debt – weathering the storm
Minority Report by Senator Xenophon	(PDF 59KB)
Introduction The effects on competition 'Moral Hazard' Moving forward
Appendix 1 - Submissions Received	(PDF 23KB)
Appendix 2 - Public Hearings and Witnesses	(PDF 12KB)

For further information, contact:

Committee Secretary
Senate Standing Committee on Economics
PO Box 6100
Parliament House
Canberra ACT 2600
Australia

Phone:	+61 2 6277 3540
Fax:	+61 2 6277 5719
Email:	economics.sen@aph.gov.au