Parliamentary banking inquiry underway with ANZ first in the hot seat

Newsable

New Zealand's banking sector continues to be scrutinised, with Parliament’s finance and expenditure committee today beginning an inquiry looking into banking competition, business banking and rural banking.

All the major banks are scheduled to appear before the committee over the next couple of months but first in the hot seat was New Zealand’s largest bank, ANZ.

Here is what ANZ chair Scott St John and chief executive Antonia Watson had to say to the committee.