There's hopes a new move by the Reserve Bank will bring about positive changes for New Zealand's banking sector.

It is changing the mix of capital banks are required to hold, aiming to reduce funding costs. 

It is also targeting closing the gap between bigger and smaller banks - making the market more competitive.

The Co-Operative Bank chief executive Mark Wilkshire says this will encourage competition and remove certain constraints impacting the banking sector.

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There's hopes a new move by the Reserve Bank will bring about positive changes for New Zealand's banking sector.
It is changing the mix of capital banks are required to hold, aiming to reduce funding costs.&nbsp;
It is also targeting closing the gap between bigger and smaller banks - making the market more competitive.
The Co-Operative Bank chief executive Mark Wilkshire says this will encourage competition and remove certain constraints impacting the banking sector.
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

Mark Wilkshire: The Co-Operative Bank chief executive on the new changes set to impact the Reserve Bank

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/8408ad98-5099-4c55-9b98-b3b600654bf5/transcript

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