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Showing posts with label NZ-UK free trade agreement. Show all posts
Showing posts with label NZ-UK free trade agreement. Show all posts

Thursday, November 10, 2022

Point of Order: Clark enlightens us about open banking



While Sio throws light (through a Maori world lens) on what once was blind justice

It’s the announcement we saw coming when Newshub revealed the Government was poised to announce a major change to banking, “which experts say will slash their profits”.

This news was broadcast as Prime Minister Jacinda Ardern was adding her voice to the populist chorus of disapproval about those profits.

It so happened the government was working on a concept called “open banking”, whereby customers can move their bank accounts, direct debits and what-have-you between banks.