The Reserve Bank of New Zealand is pushing back at a proposal by the Commerce Commission to increase competition in the banking sector.

The Commerce Commission has made multiple suggestions, including asking the Reserve Bank to tolerate more risk so that smaller banks and lenders have a chance to add competition in the market. 

Reserve Bank Deputy Governor Christian Hawkesby spoke with Heather du Plessis-Allan about the decision. 



LISTEN ABOVE

The Reserve Bank of New Zealand is pushing back at a proposal by the Commerce Commission to increase competition in the banking sector.
The Commerce Commission has made multiple suggestions, including asking the Reserve Bank to tolerate more risk so that smaller banks and lenders have a chance to add competition in the market. 
Reserve Bank Deputy Governor Christian Hawkesby spoke with Heather du Plessis-Allan about the decision. 
 
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

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