12937 (2026). Arena Williams to the Minister of Commerce and Consumer Affairs

12937 (2026). Arena Williams to the Minister of Commerce and Consumer Affairs: Are banks making excessive profits at the expense of mortgage holders; if yes, what actions do you intend to take?

Cameron Brewer: The Government’s response to the Finance and Expenditure Committee's inquiry into banking competition is aimed at strengthening competition in banking by supporting Kiwibank’s growth, reducing barriers to entry, advancing open banking and payments modernisation, improving transparency, and broadening access to banking services.