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

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

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/f10a7b26-d0ff-4dbc-b40d-b34100608710/transcript