Todd Stephenson: Finance and Expenditure committee member says barriers need to be lowered for foreign banks

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Recorded22 Aug 2025

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Parliament's finance and expenditure committee released the findings of its banking inquiry today, making 19 recommendations - 14 of which have cross-party support. It concluded there is no silver bullet for more competition in the sector. Committee member Todd Stephenson saysthe first step is reducing barriers to entry. He says a large part of that is capital requirements for new players. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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