The Commerce Commission is to investigate the competitiveness of the banking sector.

The Reserve Bank has begun its search for new external members of its Monetary Policy Committee, with two members’ terms due to expire next year.

After four years as CEO, Daniel Relf is resigning from training and audit company Strategi Group. Relf joined Strategi to lead the business as it geared up to train financial advisers for the new standards required by the Financial Markets Conduct Act regime.

The Financial Markets Authority may select a financial advice provider (FAP) or person licenced to provide financial advice to provide responses as part of its role in monitoring the industry, the FMA's Crystal Burbery told LFG Group's conference in Christchurch last week.

Economist Tony Alexander says New Zealand is about to experience “a period of rapid house price growth.”

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The growth of the mortgage adviser channel in recent years means consumers have more choice when selecting an intermediary to advise on the best home loan deal for them.

HSBC has decided to withdraw from the wealth management and retail banking markets in New Zealand following a strategic review, which considered both these operations' relatively small scale and the increasing amount of regulation.

May next year is the deadline for the four major banks to be ready to implement open banking but they may be ready before that, says Payments NZ chief executive Steve Wiggins.

Kiwibank senior economist Mary Jo Vergara thinks the current migration surge is largely a story of pent-up demand and flows should ease back over the coming year.