Gareth Vaughan

About

Gareth is editor of interest.co.nz and has worked for more than 20 years as a financial journalist in New Zealand and the United Kingdom. He has received awards in the EY Business Journalism Awards, Canon Media Awards, and Shareholders' Association Business Journalism Awards.

Member for

14 years 6 months

Latest articles

Andrew Coleman on swapping NZ's gas guzzling Holden government retirement income system for an EV

Andrew Coleman explains why and how he believes NZ's government retirement income system should be changed

11th Oct 24, 9:15am

by Gareth Vaughan

Andrew Coleman explains why and how he believes NZ's government retirement income system should be changed

Federated Farmers wants government to direct Kiwibank to enter rural banking market

Kiwibank's CEO may be reluctant to enter the rural banking market, but lobby group Federated Farmers wants the Government to direct it to do so

9th Oct 24, 10:31am

by Gareth Vaughan

Kiwibank's CEO may be reluctant to enter the rural banking market, but lobby group Federated Farmers wants the Government to direct it to do so

The Reserve Bank of New Zealand building in Wellington

RBNZ amends Exchange Settlement Account System purpose statement

Reserve Bank says it agrees with Commerce Commission that broader access to settlement accounts will benefit innovation and competition

9th Oct 24, 9:17am

by Gareth Vaughan

Reserve Bank says it agrees with Commerce Commission that broader access to settlement accounts will benefit innovation and competition

FMA takes ASB to court after bank self reported alleged failures affecting 25,497 customers

[updated]

FMA files civil proceedings against ASB relating to the alleged overcharging of 25,497 customers by about $4.3mln

8th Oct 24, 12:35pm

by Gareth Vaughan

FMA files civil proceedings against ASB relating to the alleged overcharging of 25,497 customers by about $4.3mln

What, if any, fees should banks be allowed to charge for those accessing their customers' data?

As the Government develops a Consumer Data Right regime, some key questions centre around fees

3rd Oct 24, 9:28am

by Gareth Vaughan

As the Government develops a Consumer Data Right regime, some key questions centre around fees

Podcast: Ando's John Lyon on why New Zealanders should be grateful insurers remain committed to their country

In a new Of Interest podcast episode, John Lyon explains why it's hard to judge insurers' finances on a year by year basis, and why NZ's risk profile is the most significant barrier to enter the local insurance market

1st Oct 24, 4:41pm

by Gareth Vaughan

Introducing real-time digital payments 'a key deliverable' for NZ's laggard payments system, Payments NZ says

Payments NZ highlights consumers' desire for 24/7, 365 day real-time payments

27th Sep 24, 9:19am

by Gareth Vaughan

Payments NZ highlights consumers' desire for 24/7, 365 day real-time payments

RBNZ suggests MPs probe unbundling transactional services, lending products & investments in banking inquiry

[updated]

Reserve Bank proactively publicly issues submission to parliamentary banking inquiry, defending its role

26th Sep 24, 1:06pm

by Gareth Vaughan

Reserve Bank proactively publicly issues submission to parliamentary banking inquiry, defending its role

Record year for Banking Ombudsman Scheme sees 500 cases a month

Banking Ombudsman says increasing sophistication of scams and the resulting losses are 'matters of continuing concern'

24th Sep 24, 7:33am

by Gareth Vaughan

Banking Ombudsman says increasing sophistication of scams and the resulting losses are 'matters of continuing concern'

Public education campaign sought for consumer data right regime

Consumer NZ and BNZ tell MPs a public education campaign is required to promote data sharing

23rd Sep 24, 4:31pm

by Gareth Vaughan

Consumer NZ and BNZ tell MPs a public education campaign is required to promote data sharing

CFO Andrew Dixson named Heartland Group Holdings' new CEO

Andrew Dixson to take the helm at Heartland Group Holdings as Jeff Greenslade & his deputy Chris Flood depart

23rd Sep 24, 10:04am

by Gareth Vaughan

Andrew Dixson to take the helm at Heartland Group Holdings as Jeff Greenslade & his deputy Chris Flood depart

APRA's 'Australian solution for an Australian problem'

S&P says Aussie proposal to do away with banks' AT1 capital addresses systemic risks from the unique, big domestic retail investor base holding AT1 securities

20th Sep 24, 9:31am

by Gareth Vaughan

S&P says Aussie proposal to do away with banks' AT1 capital addresses systemic risks from the unique, big domestic retail investor base holding AT1 securities

RBA watching RBNZ's retail CBDC work, noting difficulties & limitations of public consultation

Reserve Bank of Australia watching RBNZ's CBDC approach with interest, but yet to find a strong case study to support a CBDC for retail use

19th Sep 24, 9:29am

by Gareth Vaughan

Reserve Bank of Australia watching RBNZ's CBDC approach with interest, but yet to find a strong case study to support a CBDC for retail use

Housing inventory stacks up as spring real estate season gets underway

Only two New Zealand regions entered spring with fewer houses on the market than a year earlier, REINZ figures show

16th Sep 24, 10:09am

by Gareth Vaughan

118

Only two New Zealand regions entered spring with fewer houses on the market than a year earlier, REINZ figures show

REINZ figures show NZ median days to sell hit 50 last month, the highest for August in 16 years

With inventory up 30% year-on-year in August, the volume of properties for sale continues to provide a lot of choice for buyers, REINZ says

13th Sep 24, 9:00am

by Gareth Vaughan

143

With inventory up 30% year-on-year in August, the volume of properties for sale continues to provide a lot of choice for buyers, REINZ says

ANZ's full agenda, Westpac's five priorities

Morgan Stanley banking analysts see a 'full agenda' for ANZ in 2025 and list five priorities for Westpac's new CEO

11th Sep 24, 11:37am

by Gareth Vaughan

Morgan Stanley banking analysts see a 'full agenda' for ANZ in 2025 and list five priorities for Westpac's new CEO

Podcast: The AFR's Jonathan Shapiro on why the integrity of bond markets on both sides of the Tasman is at stake

Why ASIC's probe of ANZ Group actions and the FMA's investigations into potential market manipulation matter

10th Sep 24, 9:13am

by Gareth Vaughan

Why ASIC's probe of ANZ Group actions and the FMA's investigations into potential market manipulation matter

Government props up lenders whose business model relies on some borrowers defaulting on loans

[updated]

Gareth Vaughan questions whether the fintech buy now, pay later sector deserves the special treatment it's getting from the Government

9th Sep 24, 5:00pm

by Gareth Vaughan

Gareth Vaughan questions whether the fintech buy now, pay later sector deserves the special treatment it's getting from the Government

CCCFA default fee compliance exemption for BNPL sector

Government exempts buy now pay later providers from complying with CCCFA default fee provisions to help keep them in business

7th Sep 24, 9:25am

by Gareth Vaughan

Government exempts buy now pay later providers from complying with CCCFA default fee provisions to help keep them in business

RBNZ mulls open bank resolution name change & bail-in

[updated]

Reserve Bank consultation details possible changes for its open bank resolution policy

5th Sep 24, 9:17am

by Gareth Vaughan

Reserve Bank consultation details possible changes for its open bank resolution policy

Rising interest in mortgage break fees

Although more borrowers may be taking an interest in break fees, this doesn't necessarily mean there'll be a spike in those breaking mortgage terms

3rd Sep 24, 12:11pm

by Gareth Vaughan

Although more borrowers may be taking an interest in break fees, this doesn't necessarily mean there'll be a spike in those breaking mortgage terms

Who will be designated for open banking?

Government proposes a short list of entities to be designated for open banking

3rd Sep 24, 9:22am

by Gareth Vaughan

Government proposes a short list of entities to be designated for open banking

What happened Friday

A review of things you need to know before you sign off on Friday; Consumer confidence rises, sector credit & building consents mixed, Fletcher's provision, TVNZ's loss, NZ$ mixed

30th Aug 24, 3:50pm

by Gareth Vaughan

A review of things you need to know before you sign off on Friday; Consumer confidence rises, sector credit & building consents mixed, Fletcher's provision, TVNZ's loss, NZ$ mixed

Departing Heartland Group CEO signs off with apology

Heartland CEO Jeff Greenslade says business 'very well positioned' with 'lots to be optimistic about' despite disappointing annual results and lack of year ahead guidance

30th Aug 24, 9:59am

by Gareth Vaughan

Heartland CEO Jeff Greenslade says business 'very well positioned' with 'lots to be optimistic about' despite disappointing annual results and lack of year ahead guidance

What happened Thursday

A review of things you need to know before you sign off on Thursday; Westpac rate cuts, surging business confidence, Heartland provisions rise, Air NZ earnings turbulence, NZ dollar strengthens a bit

29th Aug 24, 4:04pm

by Gareth Vaughan

A review of things you need to know before you sign off on Thursday; Westpac rate cuts, surging business confidence, Heartland provisions rise, Air NZ earnings turbulence, NZ dollar strengthens a bit