Inquiry finds no single solution to improve banking competition
Friday 22 August 2025 · 2 outlets · 2 reports · updated In this story Reserve Bank of New Zealand, ANZ, Westpac, ASB, Kiwibank, BNZ
A cross-party parliamentary inquiry has released its report on banking competition, acknowledging there is no single solution to the issue. The committee suggested the Reserve Bank establish a new Prudential Policy Committee to monitor market efficiency and noted support for standardising processes to help customers compare products.
