The Finance Minister is determined to ensure New Zealanders get access to more competitive banking services.

A Commerce Commission report on banking has found the sector isn't competitive enough - and the Government is looking to make some changes.

Nicola Willis says she doesn't want to threaten the banks, but she's hoping for better results for Kiwis.

"That means fairer prices, that means more innovative services, that means a better range of services. And what the Commerce Commission - and others - have said is that we lack robust competition in our banking sector."

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The Finance Minister is determined to ensure New Zealanders get access to more competitive banking services.
A Commerce Commission report on banking has found the sector isn't competitive enough - and the Government is looking to make some changes.
Nicola Willis says she doesn't want to threaten the banks, but she's hoping for better results for Kiwis.
"That means fairer prices, that means more innovative services, that means a better range of services. And what the Commerce Commission - and others - have said is that we lack robust competition in our 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

Nicola Willis: Finance Minister says boosting the banking competition top of mind following recent announcement

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b656a26f-7c54-4d94-800b-b24100619566/transcript