The banking sector is celebrating as the Government plans to slash red tape on lending.

The financial services sector will see regulations cut on licensing and loan requirements, a u-turn on laws introduced in 2021.

Minister of Commerce and Consumer Affairs Andrew Bayly told Mike Hosking that while he agreed with the intention of previous regulations, the last government didn't adequately consult the sector.

He says it's about freeing up the banks and lenders, to make it easier to give small loans.

LISTEN ABOVE

The banking sector is celebrating as the Government plans to slash red tape on lending. 
The financial services sector will see regulations cut on licensing and loan requirements, a u-turn on laws introduced in 2021. 
Minister of Commerce and Consumer Affairs Andrew Bayly told Mike Hosking that while he agreed with the intention of previous regulations, the last government didn't adequately consult the sector. 
He says it's about freeing up the banks and lenders, to make it easier to give small loans. 
LISTEN ABOVE

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...