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Minister intends to bring coherence back to finance sector rules

Proposed changes aim to simplify regulations, cut red tape, reduce costs.

WATCH: Commerce Minister Andrew Bayly speaks with Brent Edwards.

Brent Edwards Mon, 05 Feb 2024

Commerce Minister Andrew Bayly is intent on making changes to financial services regulations to stop people going to motorcycle gangs to borrow money.

Bayly, who announced a raft of changes last week, told NBR that the Credit Contracts and Consumer Finance Act – which was aimed at protecting

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Contact the Writer: brent@nbr.co.nz
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Minister intends to bring coherence back to finance sector rules
Politics,
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