Banking report: time for RBNZ to look in the mirror

Banking report: time for RBNZ to look in the mirror
(Image: Getty)
Andrew Body
Simon Jensen
The Commerce Commission’s draft report on personal banking services creates a meaningful opportunity to catalyse more effective competition and greater innovation in New Zealand’s financial services and credit markets.  Reducing unnecessary regulatory burdens is vital for competition. Competition in these markets is, in turn, important for reducing NZ’s cost of capital and providing a quick win for our productivity.The report presents a lot of evidence clearly and concisely and draws sound conclusions.  It also provi...

More Law & Regulation

Watson raises NZ citizenship to snuff insider trading charge
Law & Regulation

Watson raises NZ citizenship to snuff insider trading charge

Eric Watson fires another legal volley in his insider trading battle.

ASB's $35.5m mystery payout to customers
Markets

ASB's $35.5m mystery payout to customers

CBA reveals A$33m remediation provision for ASB customers ahead of A$10b expected result.

Garth Bray 06 Aug 2025
Christchurch Casino admits to AML breaches
Law & Regulation

Christchurch Casino admits to AML breaches

Christchurch Casino has admitted to a raft of anti-money laundering compliance failures and agreed to a proposed $5.06 million penalty.The Department of Internal Affairs (DIA) said on Friday that as part of the settlement, Christchurch Casino admitted all seven causes of action i...

Gregor Thompson 01 Aug 2025