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'Changes need to be made': Finance Minister hopes to address competition issues in the banking sector

Author
Newstalk ZB,
Publish Date
Mon, 12 Aug 2024, 7:18pm
Photo / File
Photo / File

'Changes need to be made': Finance Minister hopes to address competition issues in the banking sector

Author
Newstalk ZB,
Publish Date
Mon, 12 Aug 2024, 7:18pm

The Finance Minister is open to all options when it comes to increasing competitiveness in the banking sector.

The Commerce Commission is expected to deliver their report examining banking competition issues - and drafts have hinted changes need to take place.

Minister Nicola Willis says she's awaiting next week's findings.

"I've committed that I will be completely open-minded about what changes may be required to get good banking competition - we'll see what the Commerce Commission says."

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