Banking on the price of stability

Does stability trump competion. Image: NZME

Tue, 07 May 2024

The Reserve Bank of New Zealand’s “stay in your lane” to the Commerce Commission regarding banking supervision was quite the show-stopper in the dry world of regulators.The banking regulator’s recipe for competitive success is more holistic in trying to tap the major lenders’ own size and scale to drive open banking innovations. To be fair, the Reserve Bank of NZ (RBNZ) has thought long and hard about competition, although the sanctity of the financial system’s integrity always comes up trumps. It...

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