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"Oligopoly" might not be a word you're familiar with,but it's how the Commerce Commission describes New Zealand’s banking system. It means a few businesses exert significant control over a market. And in its long-awaited final report into banking competition, the Commission says our banking "oligopoly" needs to be shaken up. Grace Thomas explains. | Subscribe: https://bit.ly/2JPg8oB Read more: For full coverage visit www.Stuff.co.nz Subscribe to our channel: https://bit.ly/2JPg8oB ----------------------------------------------------------------------------------------------------- Stuff is New Zealand's largest and most popular news site. With more than 500 journalists spread from Northland to Southland, we cover breaking news, politics, business, sport, crime, the environment, health, education, home and property, food, lifestyle, entertainment, weather, travel, technology, motoring, farming and much more. As well as covering the stories of the day, we specialise in investigative journalism, opinion and analysis, and long-form writing and visual storytelling. ----------------------------------------------------------------------------------------------------- Social media channels: TikTok: / nzstuff Twitter: / nzstuff