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

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)
Cameron Bagrie
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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