Banking sector study expected to run until Aug 2024

(Image: Commerce Commission)

Tue, 20 Jun 2023

The government is poised to announce the next market study the Commerce Commission will be tasked with, a study that is widely expected to look at the banking sector.“The government will be making an announcement on the next market study, further details will be provided later today on this,” a government spokesperson told BusinessDesk.The announcement is expected at 12.30pm.Late Monday, the New Zealand Herald cited a source confirming an inquiry into the banking sector would be announced today with a focus on profit and fees.Bankin...

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