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Collateral damage: how the war on ‘woke banking’ could backfire on New Zealand

  • Written by Martien Lubberink, Associate Professor of Accounting and Capital, Te Herenga Waka — Victoria University of Wellington
Collateral damage: how the war on ‘woke banking’ could backfire on New ZealandGetty Images

It would be hard to think of an industry less obviously “woke” than banking, but that’s how coalition partner NZ First has characterised certain practices within the finance sector.

The party’s tortuously titled Financial Markets (Conduct of Institutions) Amendment (Duty to Provide) Amendment Bill – dubbed...

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