Opposition support clears path for covered bonds legislation
- Monday, 13 December 2010
Australia's federal opposition has offered in-principle support to legislation, slated for early 2011, that will for the first time allow domestic authorised deposit-taking institutions (ADIs) to issue covered bonds. In a statement, the shadow treasurer, Joe Hockey, highlights covered bonds as one of two specific measures included in the government's banking sector reforms package that the opposition welcomes.
