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Gareth Vaughan's picture

Gareth is editor of and has worked for about 15 years as a financial journalist in New Zealand and the UK.

Articles by Gareth Vaughan

The bank wins, savers lose

Moves in mortgage and deposit rates since the RBNZ started OCR hikes show savers losing out, bank margins rising and competition in the borrowing market

Big drop in Fonterra forecast

Fonterra slashes Farmgate Milk Price forecast for 2014-15 to $6 per kgMS from $7, with dividend full forecast cash payout range is $6.20-$6.25;  Westpac sees $4.3b annual drop in dairy farmers' incomes

'Unlimited' big data potential seen

Govt urged to create a big 'data sharing ecosystem', told big data and big privacy can go hand-in-hand

'Proactive release' of open govt data called for

Govt advisory body sees unlimited potential for NZ from use of big data, calls for NZ consumers to send a message to Facebook and Google

TSB Bank hikes floating mortgage rates

TSB fifth bank to lift floating mortgage rates since the Reserve Bank increased the OCR last Thursday

Coming to a smartphone near you soon?

Gareth Vaughan says after Westpac's pullout many questions remain about the TSM project and the development of mobile wallets  

Co-op Bank launches mobile app

The Co-operative Bank unveils mobile banking application for both iPhones and Android smartphones

BNZ hikes floating mortgage rates

BNZ third bank to increase floating mortgage rates post latest OCR hike, also lifts 9 month deposit rate by 25 basis points

Basel III 'too prescriptive & complex'

The Basel III global banking standards are overly prescriptive and complex, but by and large NZ still has to comply, RBNZ's Grant Spencer says

Annual stress tests 'a sensible frequency'

RBNZ's Spencer says introduction of NZ owned banks to stress testing underway, will be useful over time

'Book your parity party venue'

HSBC sees Kiwi dollar challenging parity with the Aussie dollar by year's end

RBNZ sitting tight on LVR restrictions

Deputy Governor Grant Spencer tells the RBNZ's plans for the future of its LVR restrictions will be revealed in November's Financial Stability Report

RBNZ's Spencer sees liquidity policy review

RBNZ's liquidity policy, including the much heralded Core Funding Ratio, facing change as part of regulatory stocktake

Credit unions welcome law changes

Commerce Minister Craig Foss says law governing credit unions to be updated, will allow them to lend directly to SMEs related to their members

ANZ lifts floating, flexi mortgage rates

ANZ follows OCR hike with increases to floating and flexi mortgage rates, introduces term deposit 'special'; ASB hikes floating rates & 2 deposit rates

ASB, BNZ still committed to TSM

TSM CEO says mobile wallet 'ecosystem' will allow flexibility for banks to differentiate themselves despite Westpac's fears

Taxman's view on bitcoin

IRD says bitcoin should be treated in the same manner as foreign currencies for tax purposes

RBNZ eyes improved regulatory efficiency

RBNZ regulatory stocktake to look at length and nature of consultation programmes after about 25 consultations in just 3 years

Harmoney sees $12b opportunity

P2P lender excited by opportunity given NZ banks 'have margins between borrowing and retailing that you can drive a truck through'

Westpac goes solo with digital wallet

Westpac trialling host card emulation mobile contactless payments where customers' card detail is stored in the cloud; Won't be part of TSM launch that's set for Q4 of this year