Dr JAMES McDOWALL (ACT): Thank you, Madam Speaker. I rise on behalf of the ACT Party to support the Financial Market Infrastructures Bill. As previous members have stated, this is a fairly technical bill but important to the healthy functioning of New Zealand's economy. The proposed regulatory framework allows our exporters to trade with certainty and to manage their risk. It is incredibly important to the financial security of New Zealand, as was painfully evident in the global financial crisis. 