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New Zealand report calls for more bank transparency and competition, focusing on rural and Māori communities.
New Zealand's Finance and Expenditure Committee has released a report recommending enhanced transparency and competition in banking, focusing on rural and Māori communities.
Key recommendations include six-monthly bank appearances for accountability, disclosure of bank profitability, and lowering barriers for fintechs and overseas banks.
The report acknowledges these measures may not solve all issues but aims to improve services and reduce costs.
The government plans to respond by November.
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El informe de Nueva Zelanda pide más transparencia bancaria y competencia, centrándose en las comunidades rurales y maoríes.