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Rachael Reed KC: lawyer defending claimants in the CCCFA case calls for investigation into multi-billion dollar impact

EPISODE · Jul 29, 2025 · 4 MIN

Rachael Reed KC: lawyer defending claimants in the CCCFA case calls for investigation into multi-billion dollar impact

from Best of Business · host Newstalk ZB

A top lawyer working with the plaintiffs in a large-scale banking class action is calling for a formal investigation into the 'serious civil service process failures' by MBIE. Rachael Reed, KC, has outlined her objections in a letter to Public Service Commissioner Sir Brian Roche and Attorney-General Judith Collins, voicing concerns with the Reserve Bank's risk assessment. She says the $12.9 billion figure is 'fantastical' and says it doesn't have a grasp of reality. "It just doesn't make sense on that first fundamental level." LISTEN ABOVESee omnystudio.com/listener for privacy information.

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Rachael Reed KC: lawyer defending claimants in the CCCFA case calls for investigation into multi-billion dollar impact

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