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...

More Economy

The kiwi dollar is falling prey to the bears
Economy

The kiwi dollar is falling prey to the bears

The only worst performer is the Norwegian krone.

Recession worries? Blame China's economic flu
Economy

Recession worries? Blame China's economic flu

Treasury's chief economic adviser says China's economic woes are being felt in NZ.

Dileepa Fonseka 25 Jul 2024
Holidays Act: no vacation for taxpayers
Economy In-depth

Holidays Act: no vacation for taxpayers

Let's pay billions of dollars and get nothing new for it.

Nikitin Sallee 25 Jul 2024
NZ dollar at 11-week low on pending rate cuts, Biden's exit
Economy

NZ dollar at 11-week low on pending rate cuts, Biden's exit

The kiwi was trading below 60 US cents late Monday in Wellington. 

Rebecca Howard 23 Jul 2024