Christian Hawkesby: Reserve Bank pushes against ComCom proposal
Heather du Plessis-Allan Drive · Newstalk ZB
April 23, 20245m 32s
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Show Notes
The Reserve Bank of New Zealand is pushing back at a proposal by the Commerce Commission to increase competition in the banking sector.
The Commerce Commission has made multiple suggestions, including asking the Reserve Bank to tolerate more risk so that smaller banks and lenders have a chance to add competition in the market.
Reserve Bank Deputy Governor Christian Hawkesby spoke with Heather du Plessis-Allan about the decision.
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Topics
commerce commissionreserve bank