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. Over recent years he has received awards in the EY Business Journalism Awards, Canon Media Awards, and Shareholders' Association Business Journalism Awards.

Member for

13 years 8 months

Latest articles

A man dressed in blue walks up the steps to the Reserve Bank of New Zealand.

The RBNZ confirms major changes for NZ branches of overseas banks

[updated]

RBNZ to restrict banks operating in NZ as branches of overseas banks to wholesale business

7th Nov 23, 2:26pm

by Gareth Vaughan

RBNZ to restrict banks operating in NZ as branches of overseas banks to wholesale business

Wage inflation, Covid savings buffers, helping Westpac NZ customers cope with higher mortgage rates

Westpac NZ 'onshores' about 200 jobs from Australia as it meets new RBNZ outsourcing requirements, fights financial crime

7th Nov 23, 9:16am

by Gareth Vaughan

Westpac NZ 'onshores' about 200 jobs from Australia as it meets new RBNZ outsourcing requirements, fights financial crime

Westpac NZ says number of mortgage holders behind on repayments down over past 6 months

[updated]

Westpac New Zealand annual profit falls as expenses, loan impairments rise. Net interest margin increases

6th Nov 23, 10:27am

by Gareth Vaughan

Westpac New Zealand annual profit falls as expenses, loan impairments rise. Net interest margin increases

The slow burning Deposit Takers Act

Reserve Bank to prepare and maintain a plan for dealing with every deposit taker in case it fails

4th Nov 23, 9:20am

by Gareth Vaughan

Reserve Bank to prepare and maintain a plan for dealing with every deposit taker in case it fails

Open minds and out-of-the-box thinking needed in our changing world

Change, along with death & taxes, is a certainty in life with none of us knowing exactly what's around the corner. So Gareth Vaughan's pleased to see at least one central banker is thinking about change

2nd Nov 23, 1:20pm

by Gareth Vaughan

Centrix sees post-election rise in mortgage enquiries

Credit bureau Centrix says company liquidations are on the rise, with credit defaults climbing 'across the board' in September

1st Nov 23, 5:00am

by Gareth Vaughan

Credit bureau Centrix says company liquidations are on the rise, with credit defaults climbing 'across the board' in September

Analysts expect 'some fairly terse conversations' between auditors & banks' management

Citi analysts question loan provision levels being held by Australasia's big 4 banks, saying 'we expect the auditors would have some probing questions'

31st Oct 23, 9:21am

by Gareth Vaughan

Citi analysts question loan provision levels being held by Australasia's big 4 banks, saying 'we expect the auditors would have some probing questions'

Online grocery group Supie in voluntary administration

[updated]

PwC appointed voluntary administrator of Supie, with initial estimates suggesting creditors are owed about $3m as grocery watchdog reveals 'top 3' on his fix-it list for supermarket sector

30th Oct 23, 12:30pm

by Gareth Vaughan

PwC appointed voluntary administrator of Supie, with initial estimates suggesting creditors are owed about $3m as grocery watchdog reveals 'top 3' on his fix-it list for supermarket sector

What reserve stocks should NZ store in the last bus stop on the planet?

The Covid-19 pandemic and other recent global disruptions have heightened awareness of New Zealand's exposure to them. So in an uncertain world, how well prepared are we for future shocks?

28th Oct 23, 8:30am

by Gareth Vaughan

The Covid-19 pandemic and other recent global disruptions have heightened awareness of New Zealand's exposure to them. So in an uncertain world, how well prepared are we for future shocks?

Share buybacks & dividends in focus as big Australasian banks ready annual results

Morgan Stanley analysts give their share buyback and dividend outlook ahead of big bank reporting season

27th Oct 23, 9:09am

by Gareth Vaughan

Morgan Stanley analysts give their share buyback and dividend outlook ahead of big bank reporting season

Demand for unsecured personal loans on the rise

Equifax says consumer debt demand rose year-on-year in the September quarter, boosted by unsecured personal loans

26th Oct 23, 10:09am

by Gareth Vaughan

Equifax says consumer debt demand rose year-on-year in the September quarter, boosted by unsecured personal loans

ComCom's banking market study, 'a game played by professionals against amateurs'

Commerce Commission criticised for 'technocratic rather than democratic' bank competition probe, by consultancy Habilis, which wants it to protect the weak rather than play the role of a neutral umpire

25th Oct 23, 11:52am

by Gareth Vaughan

Westpac NZ suggests 'transferable AML/CFT' to bolster bank switching

Westpac floats idea of mutual anti-money laundering due diligence across banks to help improve the customer switching experience

21st Oct 23, 10:11am

by Gareth Vaughan

Westpac floats idea of mutual anti-money laundering due diligence across banks to help improve the customer switching experience

RBNZ could broaden access to its settlement accounts with more parties wanting in

[updated]

RBNZ mulls giving non-bank deposit takers access to settlement accounts so they don't have to go through the big banks who get the financial benefit

19th Oct 23, 2:42pm

by Gareth Vaughan

RBNZ mulls giving non-bank deposit takers access to settlement accounts so they don't have to go through the big banks who get the financial benefit

Podcast: Dave Christie on what's needed to pull NZ's supply chains out of a 'serious, if not critical, condition'

In our latest Of Interest podcast episode Dave Christie explains the challenges NZ's supply chains face and what can be done to improve them

19th Oct 23, 12:04pm

by Gareth Vaughan

In our latest Of Interest podcast episode Dave Christie explains the challenges NZ's supply chains face and what can be done to improve them

Grab some popcorn & a good seat; The relationship between the new government & Adrian Orr's Reserve Bank is worth watching

She was 'appalled' he was reappointed without an independent review, so how will likely incoming Finance Minister Nicola Willis get on with RBNZ Governor Adrian Orr?

17th Oct 23, 2:14pm

by Gareth Vaughan

She was 'appalled' he was reappointed without an independent review, so how will likely incoming Finance Minister Nicola Willis get on with RBNZ Governor Adrian Orr?

RBNZ doubles staff numbers in five years to 510, gets funding boost

Reserve Bank staffing levels and personal costs surge over past five years as it takes on broader role

14th Oct 23, 9:27am

by Gareth Vaughan

Reserve Bank staffing levels and personal costs surge over past five years as it takes on broader role

Kiwibank borrowing $650 mln in bond issue paying investors north of 6%

[updated]

Kiwibank pulls in $650 million through record equaling retail bond issue paying investors significantly more than its five-year term deposit rate

12th Oct 23, 12:46pm

by Gareth Vaughan

Kiwibank pulls in $650 million through record equaling retail bond issue paying investors significantly more than its five-year term deposit rate

NZ-owned banks suggest legislation could have a competition focus

Four NZ-owned banks suggest laws could be targeted at improving competition, or at least not harming it

11th Oct 23, 9:21am

by Gareth Vaughan

Four NZ-owned banks suggest laws could be targeted at improving competition, or at least not harming it

Non-bank lenders pledge ethical standards for debt collection

Non-bank lenders launch Responsible Debt Collection Code including guidance on when & how often they'll contact debtors

10th Oct 23, 2:00pm

by Gareth Vaughan

Non-bank lenders launch Responsible Debt Collection Code including guidance on when & how often they'll contact debtors

National's Andrew Bayly sheds light on the party's plans to simplify AML verification

Commerce & consumer affairs spokesman Andrew Bayly says National looking at use of biometrics, potentially the blockchain, to simplify AML verification requirements

25th Sep 23, 11:06am

by Gareth Vaughan

Commerce & consumer affairs spokesman Andrew Bayly says National looking at use of biometrics, potentially the blockchain, to simplify AML verification requirements

ACT proposes a 49% share market sell-down of Kiwbank's parent company

Government sell-down via partial share market listing wouldn't be a massive change, Kiwibank CEO says, but requirement for a bigger dividend could impact capital plans

22nd Sep 23, 9:29am

by Gareth Vaughan

Government sell-down via partial share market listing wouldn't be a massive change, Kiwibank CEO says, but requirement for a bigger dividend could impact capital plans

IAG flags insurance shake-up for customers hit by North Island floods, Cyclone Gabrielle

IAG encourages customers whose properties were hardest hit by extreme weather earlier this year 'to reside elsewhere'

20th Sep 23, 7:36pm

by Gareth Vaughan

IAG encourages customers whose properties were hardest hit by extreme weather earlier this year 'to reside elsewhere'

Podcast: David Mahon on how tensions with the US are a factor dampening Chinese consumer confidence

In our latest Of Interest podcast David Mahon explains what's going on in the Chinese economy, what needs to change and when he thinks things will be looking up

19th Sep 23, 9:09am

by Gareth Vaughan

In our latest Of Interest podcast David Mahon explains what's going on in the Chinese economy, what needs to change and when he thinks things will be looking up

Podcast: Max Rashbrooke on how and why NZ should 'clean big money out' of political donations

Is there a case for change? Putting a spotlight on NZ's political donations as the election looms

14th Sep 23, 4:14pm

by Gareth Vaughan

Is there a case for change? Putting a spotlight on NZ's political donations as the election looms