An inquiry into New Zealand’s banking competition, or lack thereof, is currently underway.

Finance Minister Nicola Willis announced it in June, putting particular emphasis on rural banking and lending.

A ComCom market study has already, unsurprisingly, found a lack of competition among our largest financial institutions – with a full report due next month.

So, what does it all mean for the average Kiwi consumer – and is there hope on the horizon for some healthy competition?

Today, Victoria University of Wellington associate professor of economics Martien Lubberink takes us through the state of our banking sector, and ABC journalist Dan Ziffer explains what lessons could be learned from Australia’s massive Royal Commission into Banking.

Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts.

You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.

Host: Chelsea Daniels
Sound Engineer: Paddy Fox
Producer: Ethan Sills

An inquiry into New Zealand’s banking competition, or lack thereof, is currently underway.
Finance Minister Nicola Willis announced it in June, putting particular emphasis on rural banking and lending.
A ComCom market study has already, unsurprisingly, found a lack of competition among our largest financial institutions – with a full report due next month.
So, what does it all mean for the average Kiwi consumer – and is there hope on the horizon for some healthy competition?
Today, Victoria University of Wellington associate professor of economics Martien Lubberink takes us through the state of our banking sector, and ABC journalist Dan Ziffer explains what lessons could be learned from Australia’s massive Royal Commission into Banking.
Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts.
You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.
Host: Chelsea Daniels Sound Engineer: Paddy Fox Producer: Ethan Sills

Keeping up to date with the news just became a little easier. Available every weekday at 5am, tune in as Chelsea Daniels chats with the journalists and newsmakers, going behind the headlines to break down what you need to know on the biggest stories of the day. 

Keeping up to date with the news just became a little easier. Available every weekday at 5am, tune in as Chelsea Daniels chats with the journalists and newsmakers, going behind the headlines to break down what you need to know on the biggest stories of the day.

Every day, The Front Page takes you behind the scenes of the biggest story from the New Zealand Herald. Hosted by Damien Venuto

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