ANZ's chief executive believes New Zealand's banking system is competitive.

The Commerce Commission's market study found there's little competition between the big four banks, and they take high profits by international standards. 

It recommends open banking and giving Kiwibank access to more capital, to better compete and become a disruptor.

Antonia Watson told Mike Hosking they don't agree with the ComCom's characterisation of the sector. 

She says their staff are fighting every day to win and retain customers, so back themselves that it's a competitive industry.

LISTEN ABOVE

ANZ's chief executive believes New Zealand's banking system is competitive. 
The Commerce Commission's market study found there's little competition between the big four banks, and they take high profits by international standards.  
It recommends open banking and giving Kiwibank access to more capital, to better compete and become a disruptor. 
Antonia Watson told Mike Hosking they don't agree with the ComCom's characterisation of the sector.  
She says their staff are fighting every day to win and retain customers, so back themselves that it's a competitive industry. 
LISTEN ABOVE

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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,...

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