The Finance Minister says change needs to happen in our banking sector.

The Government's requested an inquiry into banking competition, particularly in rural banking.

Nicola Willis says we owe this inquiry to our rural communities, who are vital for the recovery of our economy.

She told Mike Hosking that she's open to anything, including bringing banks into line and changing legislation to guide the Reserve Bank to do things differently.

Willis says this issue is at the heart of whether businesses can innovate and expand and if New Zealanders can get affordable lending and services.

LISTEN ABOVE

The Finance Minister says change needs to happen in our banking sector. 
The Government's requested an inquiry into banking competition, particularly in rural banking. 
Nicola Willis says we owe this inquiry to our rural communities, who are vital for the recovery of our economy. 
She told Mike Hosking that she's open to anything, including bringing banks into line and changing legislation to guide the Reserve Bank to do things differently. 
Willis says this issue is at the heart of whether businesses can innovate and expand and if New Zealanders can get affordable lending and services. 
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,...

The Mike Hosking Breakfast

Nicola Willis: Finance Minister on the changes needed in the banking sector and rural banking

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/258a4afa-8f02-4749-8da2-b18d015796f9/transcript