Additional powers for finance minister over banks a concern
National’s Andrew Bayly is concerned about ramifications of additional power for minister.
Andrew Bayly Fri, 30 Apr 2021
The Minister of Finance announced this week that his government intends to bestow on him additional powers to control what types of lending banks can do. Not only does this feel ominous given the dead certainty that it will get the rubber stamp when it goes through Parliament, but the powers