TMM - News

Non-banks, banks welcome different aspects of ComCom draft report

Friday 22nd of March 2024

The ComCom released its draft report on banking competition, including 16 recommendations from the Reserve Bank better ensuring a level playing field and the Financial Markets Authority paying more attention to mortgage brokers' conflicts of interest and that the government should accelerate progress towards open banking by setting a June 30, 2026 deadline.

ComCom also wants the gov...

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