ComCom diagnoses the problem with NZ’s banking industry – but will its solutions offer a real fix?
- Written by: Martien Lubberink, Associate Professor of Economics, Te Herenga Waka — Victoria University of Wellington
Andrzej Rostek/Getty ImagesThe New Zealand Commerce Commission recently released a draft report on the state of personal banking services in New Zealand. Unsurprisingly, the market study found a marked lack of competition among the largest financial institutions in Aotearoa New Zealand.
But will the government bailout of Kiwibank in 2022 or the arr...