The Commerce Commission has just released a draft report on its banking market study.
The Commission says disruptive forces are needed to drive change in the banking sector.
Commission Chair John Small says their study has found a two-tier sector with limited competition.
Small says in a well-functioning bank market, there would be strong competition driving innovation and choice for customers, rather than the price matching strategies New Zealand banks follow.
Monopoly Watch director Tex Edwards spoke to Corin Dann.
