We're not going to be making things unsafe in the hope that competition suddenly bursts out.' In a podcast interview with Commerce Commission Chairman John Small last week, I asked him which of the Commission's 16 draft recommendations to improve competition in personal banking services he'd rank as the most important. His answer? This one; The Reserve Bank should review its prudential capital settings to ensure they are competitively neutral and smaller players are better able to compete. In the podcast Small says; I think levelling up the prudential [capital] playing field is very important. This is a pretty ... (full story)