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.

LISTEN ABOVE

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

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.

Heather du Plessis-Allan Drive

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/ee883764-44f7-4672-a5e4-b3b600654197/transcript

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