The Finance Minister's being urged to take urgent and decisive action on our banking sector. 

Ministers have accepted most of the recommendations of a select committee inquiry into the industry, including directing the Reserve Bank to focus on more competition. 

But banking expert Andrew Body says Nicola Willis needs to go further. 

He told Mike Hosking the Minister should be seeking law changes and a harmonisation of Australian and New Zealand banking rules. 

Body says the Minister should be ringing Treasury Secretary Ian Rennie, asking for a proposal for legislative change by 8am Monday. 

LISTEN ABOVE 

The Finance Minister's being urged to take urgent and decisive action on our banking sector.&nbsp;
Ministers have accepted most of the recommendations of a select committee inquiry into the industry, including directing the Reserve Bank to focus on more competition.&nbsp;
But banking expert Andrew Body says Nicola Willis needs to go further.&nbsp;
He told Mike Hosking the Minister should be seeking law changes and a harmonisation of Australian and New Zealand banking rules.&nbsp;
Body says the Minister should be ringing Treasury Secretary Ian Rennie, asking for a proposal for legislative change by 8am Monday.&nbsp;
LISTEN ABOVE&nbsp;

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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,...

The Mike Hosking Breakfast

Andrew Body: Banking Expert on the Government adopting recommendations

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/8557f166-d3be-441f-b566-b394013b1bf2/transcript

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