Also, FYI, the Commerce Commission has also said: “Potential areas of focus for the study are current accounts, deposit accounts, and overdraft account services, personal loans, and mortgage and credit card lending. There will be less of a focus on financial services such as KiwiSaver, wealth management, insurance, and foreign exchange. …
Also, FYI, the Commerce Commission has also said: “Potential areas of focus for the study are current accounts, deposit accounts, and overdraft account services, personal loans, and mortgage and credit card lending. There will be less of a focus on financial services such as KiwiSaver, wealth management, insurance, and foreign exchange. Dr Small says the proposed terms of reference for the Commission’s study have been drafted flexibly to allow consideration of further products and services as appropriate, such as broad, cross-portfolio assessments of banks’ financial performance. While the study is firmly focused on the process of competition, it will also consider some outcomes of that process, including bank profits. Dr Small says there are plenty of profit indicators already available and that, in this part of the study, the Commission will focus on assessing them and potential interpretations of them. While the study is firmly focused on the process of competition, it will also consider some outcomes of that process, including bank profits. Dr Small says there are plenty of profit indicators already available and that, in this part of the study, the Commission will focus on assessing them and potential interpretations of them.” I read this to mean the Commission will try to rebuild proper comparisons that account for the exclusion of business banking. That will be difficult, and will inevitably lead to disputation by the banks on the basis of ‘apples vs pears’
Also, FYI, the Commerce Commission has also said: “Potential areas of focus for the study are current accounts, deposit accounts, and overdraft account services, personal loans, and mortgage and credit card lending. There will be less of a focus on financial services such as KiwiSaver, wealth management, insurance, and foreign exchange. Dr Small says the proposed terms of reference for the Commission’s study have been drafted flexibly to allow consideration of further products and services as appropriate, such as broad, cross-portfolio assessments of banks’ financial performance. While the study is firmly focused on the process of competition, it will also consider some outcomes of that process, including bank profits. Dr Small says there are plenty of profit indicators already available and that, in this part of the study, the Commission will focus on assessing them and potential interpretations of them. While the study is firmly focused on the process of competition, it will also consider some outcomes of that process, including bank profits. Dr Small says there are plenty of profit indicators already available and that, in this part of the study, the Commission will focus on assessing them and potential interpretations of them.” I read this to mean the Commission will try to rebuild proper comparisons that account for the exclusion of business banking. That will be difficult, and will inevitably lead to disputation by the banks on the basis of ‘apples vs pears’