Credit where credit's due: Bayly's proposed financial facelift

Credit where credit's due: Bayly's proposed financial facelift
Andrew Bayly (left) and Samantha Barrass both made speeches at a Financial Services Council meeting this week. (Image: Dileepa Fonseka/BusinessDesk)
Dileepa Fonseka
After commerce and consumer affairs minister Andrew Bayly presented his vision for sweeping changes in the financial services sector, he was rewarded with a vote of thanks.  Some, however, could argue Bayly should have been the one thanking the person offering it.Much of Bayly’s speech and priorities around proposed reforms on Wednesday were outlined last month in an opinion piece by MinterEllisonRuddWatts partner Lloyd Kavanagh, the person doing the thanking.Kavanagh had criticised the blurring of the peaks within New Zealand&r...

More Finance

Willis can do more to fix banking competition
Finance

Andrew Body: Willis can do more to fix banking competition

A competitive banking system needs more than lower capital adequacy ratios.

Andrew Body 02 Apr 2025
Credit card issuers fear ComCom proposals
Finance

Credit card issuers fear ComCom proposals

The proposed regulations will stifle banking competition, says Mastercard.

Pattrick Smellie 02 Apr 2025
RBNZ signals U-turn on bank capital requirements
Finance

RBNZ signals U-turn on bank capital requirements

A major shift at RBNZ's first public outing since Adrian Orr's sudden departure.

Pattrick Smellie 31 Mar 2025
Grenon seeks to end ‘futile’ NZME board stoush
Finance

Grenon seeks to end ‘futile’ NZME board stoush

It's time for the current board to fold 'em, says coup orchestrator. 

Pattrick Smellie 26 Mar 2025