Blame poor regulation not banks for lack of competition, experts say

A governance, culture and strategy change is needed at RBNZ, Andrew Body and Simon Jensen say. (Image: Getty)

Tue, 18 Feb 2025

Evidence from the finance and expenditure select committee's banking competition inquiry shows regulatory overreach and poor regulation as the main barriers to competition, two experts in public policy say.Last week Parliament’s finance and expenditure select committee (FEC) said it would call the chief executives of ASB, ANZ, BNZ and Westpac back to reappear at a public meeting to answer follow-up questions as part of its inquiry.But Andrew Body and Simon Jensen argue that the banks are simply playing the hand they have been dea...

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