Finance minister Nicola Willis calls for select committee inquiry into banking

Finance minister Nicola Willis calls for select committee inquiry into banking
Finance minister Nicola Willis wants the Finance and Expenditure and Primary Production Committees to join forces. (Image: NZME)
Rebecca Howard
Finance minister Nicola Willis has called for a select committee inquiry into banking competition, with a focus on rural banking and lending.“The Commerce Commission’s market study on personal banking services will assist with this, but the importance of this sector means it is appropriate for a select committee inquiry to also be undertaken,” she said in a letter to the chairs of the Finance and Expenditure Committee and the Primary Production Committee.According to the Commerce Commission, New Zealand’s major banks do...

More Finance

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
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
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