Banking inquiry needs to look at appetite for risk, versus returns being made

Finance minister Nicola Willis has called for a banking inquiry. (Image: NZME)

Wed, 19 Jun 2024

An inquiry into banking has been launched, extending beyond the Primary Production Committee to the Finance and Expenditure Committee.“New Zealand deserves a banking sector that is as competitive as possible," said finance minister Nicola Willis. This is overdue and welcome. Effective credit intermediation is a critical part of lifting prosperity. Yes, let’s look at the competitive landscape but don’t get fixated on that alone. Competition is one facility of productivity, which drives living standards.The OECD...

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