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

Wed, 12 Jun 2024

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...

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