The International Monetary Fund is cautioning the Government against bending over backwards, deregulating banks in a bid to spur more competition in the sector.

Finance Minister Nicola Willis is getting advice on whether she should make the Reserve Bank of New Zealand (RBNZ) loosen the way it regulates banks.

The Commerce Commission has also suggested the rules could be changed to make it easier for small banks to compete with big ones.

NZ Herald Wellington business editor Jenee Tibshraeny explains why the IMF is issuing words of caution as these discussions take place.

LISTEN ABOVE

The International Monetary Fund is cautioning the Government against bending over backwards, deregulating banks in a bid to spur more competition in the sector.
Finance Minister Nicola Willis is getting advice on whether she should make the Reserve Bank of New Zealand (RBNZ) loosen the way it regulates banks.
The Commerce Commission has also suggested the rules could be changed to make it easier for small banks to compete with big ones.
NZ Herald Wellington business editor Jenee Tibshraeny explains why the IMF is issuing words of caution as these discussions take place.
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

Jenee Tibshraeny: NZ Herald Wellington business editor on the IMF's annual report on New Zealand's economy

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