The Finance Minister says the government will respond to all 14 recommendations from the Commerce Commission's long-awaited report into banking competition.
Responding to the report, Nicola Willis said the sector was less like a battle between retail banks and more like a "cosy pillow fight".
She has asked Treasury to engage with Kiwibank's parent company Kiwi Group Capital on options for raising new capital - including from KiwiSaver funds and investment funds.
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