Bank profits and National's CoFI 'spanner'
KPMG survey finds combined net profit climbs to $1.74 billion in the June quarter.
WATCH: KPMG partner John Kensington speaks with Jonathan Mitchell.
KPMG has weighed in on National's surprise announcement last month it would ditch the CoFI regime, saying it “threw a spanner in the works” and created a level of uncertainty around what was a “well-accepted regulatory change” and would likely lead to more court action.
The Big Four firm's
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