Nicola Willis: Finance Minister on her plan to inject competition into the banking sector

Heather du Plessis-Allan Drive

Contenuto fornito da NZME and Newstalk ZB. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da NZME and Newstalk ZB o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.

2M ago 4:22

MP3•Pagina principale dell'episodio

The Finance Minister aims to put an end to the 'cosy pillow fight' between banks and bolster sector competition.

A Commerce Commission report has found that the four big Australian-owned banks are turning high profits, far out-stripping international peers.

The Commission has recommends open banking practices and tweaks to Reserve Bank rules to ease access for small players.

Finance Minister Nicola Willis says she's exploring options to raise Kiwibank's capital.

"I think Kiwibank needs to remain New Zealand's bank - and exactly how that's defined is one of the questions that's to be discussed during this process."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

7749 episodi

#New Zealand Current Affairs #New Zealand #NZME #Newstalk ZB #News