The Government's helping boost competition in banking by bolstering Kiwibank. 

The Commerce Commission recently painted the banking landscape as an oligopoly in a review - pointing to the domination by the big four Australian players. 

Today, Prime Minister Chris Luxon's announced he wants to implement all its 14 recommendations and disrupt the status quo. 

Newstalk ZB senior political correspondent Barry Soper says this boost won't make Kiwibank an equal to the big four in Australia - but a cash boost is good for consumers.

LISTEN ABOVE

The Government's helping boost competition in banking by bolstering Kiwibank.&nbsp;
The Commerce Commission recently painted the banking landscape as an oligopoly in a review - pointing to the domination by the big four Australian players.&nbsp;
Today, Prime Minister Chris Luxon's announced he wants to implement all its 14 recommendations and disrupt the status quo.&nbsp;
Newstalk ZB senior political correspondent Barry Soper says this boost won't make Kiwibank an equal to the big four in Australia - but a cash boost is good for consumers.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Barry Soper: ZB senior political correspondent on the Government bolstering Kiwibank in a bid to increase banking competition

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/98b41f8c-fa2a-46c1-a58d-b241004694ed/transcript