New Zealand personal banking industry becomes subject of fourth antitrust market study

By Laurel Henning ( June 20, 2023, 00:31 GMT | Insight) -- New Zealand’s four major personal-banking providers will be the subject of the country’s fourth in-depth competition market study, following a government announcement today. ANZ Bank New Zealand, ASB Bank, Bank of New Zealand and Westpac will face a study through August 2024 into competition and barriers to market entry across products including personal loans, mortgages and credit cards. The government announcement comes just over six months since New Zealand’s Commerce Commission completed its latest market study, which looked at competition in the residential building supply market.New Zealand’s four major personal-banking providers will be the subject of the country’s fourth in-depth competition market study, following a government announcement today....

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New Zealand personal banking industry becomes subject of fourth antitrust market study

Prepare for tomorrow’s regulatory change, today

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