Nicola Willis: Finance Minister on the changes needed in the banking sector and rural banking

The Finance Minister says change needs to happen in our banking sector.  The Government's requested an inquiry into banking competition, particularly in rural banking.  Nicola Willis says we owe this inquiry to our rural communities, who are vital for the recovery of our economy.  She told Mike Hosking that she's open to anything, including bringing banks into line and changing legislation to guide the Reserve Bank to do things differently.  Willis says this issue is at the heart of whether businesses can innovate and expand and if New Zealanders can get affordable lending and services.  LISTEN ABOVE See omnystudio.com/listener for privacy information.