Parliament's finance and expenditure committee released the findings of its banking inquiry today, making 19 recommendations - 14 of which have cross-party support. 

It concluded there is no silver bullet for more competition in the sector. 

Committee member Todd Stephenson saysthe first step is reducing barriers to entry. 

He says a large part of that is capital requirements for new players. 

LISTEN ABOVE

Parliament's finance and expenditure committee released the findings of its banking inquiry today, making 19 recommendations - 14 of which have cross-party support.&nbsp;
It concluded there is no silver bullet for more competition in the sector.&nbsp;
Committee member Todd Stephenson saysthe first step is reducing barriers to entry.&nbsp;
He says a large part of that is capital requirements for new players.&nbsp;
LISTEN ABOVE

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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

Todd Stephenson: Finance and Expenditure committee member says barriers need to be lowered for foreign banks

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/225d5e2a-4eb8-4739-a86d-b34100608ea4/transcript