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ANZ's chief executive believes New Zealand's banking system is competitive.\xa0

The Commerce Commission's market study found there's little competition between the big four banks, and they take high profits by international standards. \xa0

It recommends open banking and giving Kiwibank access to more capital, to better compete and become a disruptor.\xa0

Antonia Watson told Mike Hosking they don't agree with the ComCom's characterisation of the sector. \xa0

She says their staff are fighting every day to win and retain customers, so back themselves that it's a competitive industry.\xa0

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