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The government has accepted most of the recommendations out of a banking inquiry to improve competition in the sector.
A cross-party inquiry examining the state of banking competition made 19 suggestions in its report, released in August.
The government has accepted or partially accepted all the recommendations.
Standardise credit information and make it easier to compare loans. Response: Agree.
Open the door to more overseas banks and fintechs. Response: Agree.
Strengthen Kiwibank through investment.
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