A top lawyer working with the plaintiffs in a large-scale banking class action is calling for a formal investigation into the 'serious civil service process failures' by MBIE.

Rachael Reed, KC, has outlined her objections in a letter to Public Service Commissioner Sir Brian Roche and Attorney-General Judith Collins, voicing concerns with the Reserve Bank's risk assessment.

She says the $12.9 billion figure is 'fantastical' and says it doesn't have a grasp of reality.

"It just doesn't make sense on that first fundamental level."

LISTEN ABOVE

A top lawyer working with the plaintiffs in a large-scale banking class action is calling for a formal investigation into the 'serious civil service process failures' by MBIE.
Rachael Reed, KC, has outlined her objections in a letter to Public Service Commissioner Sir Brian Roche and Attorney-General Judith Collins, voicing concerns with the Reserve Bank's risk assessment.
She says the $12.9 billion figure is 'fantastical' and says it doesn't have a grasp of reality.
"It just doesn't make sense on that first fundamental level."
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

Rachael Reed KC: lawyer defending claimants in the CCCFA case calls for investigation into multi-billion dollar impact

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ef689a6f-b856-4182-99bd-b329007d28bf/transcript