Gareth Vaughan | interest.co.nz

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

15 years 10 months

Latest articles

Westpac NZ sees 'targeted growth' opportunities in rural sector

Westpac says stressed agri loans increased 26 basis points during December quarter

9th Mar 16, 5:30pm

by Gareth Vaughan

Westpac says stressed agri loans increased 26 basis points during December quarter

The type of DNA co-operatives need

International Co-operative Alliance president Monique Leroux says today's challenges make staying close to members even more important

8th Mar 16, 2:21pm

by Gareth Vaughan

International Co-operative Alliance president Monique Leroux says today's challenges make staying close to members even more important

ANZ's 'whole professional reputation' at stake

The worm turns at ANZ as the parent of NZ's biggest bank takes its turn under the regulatory spotlight

8th Mar 16, 10:57am

by Gareth Vaughan

The worm turns at ANZ as the parent of NZ's biggest bank takes its turn under the regulatory spotlight

Policing the FSPR 'not a great use of the FMA's resources'

CEO Rob Everett seeking clarity from MBIE review into abuse of Financial Service Providers Register so FMA can 'get on with the job'

8th Mar 16, 7:30am

by Gareth Vaughan

CEO Rob Everett seeking clarity from MBIE review into abuse of Financial Service Providers Register so FMA can 'get on with the job'

Fees 'a tension built into any lending model'

FMA CEO Rob Everett says licensing P2P lenders a 'challenge' but no point looking at any regulatory changes until after a downturn

7th Mar 16, 7:02am

by Gareth Vaughan

FMA CEO Rob Everett says licensing P2P lenders a 'challenge' but no point looking at any regulatory changes until after a downturn

'Messages we were delivering have been heard'

FMA CEO Rob Everett suggests KiwiSaver providers are now showing more respect towards their 'privileged position'

5th Mar 16, 5:02am

by Gareth Vaughan

FMA CEO Rob Everett suggests KiwiSaver providers are now showing more respect towards their 'privileged position'

ANZ 'marrying wealth to its retail businesses'

ANZ shakes up its wealth strategy in push to 'maximise and liberate' capital

2nd Mar 16, 2:42pm

by Gareth Vaughan

ANZ shakes up its wealth strategy in push to 'maximise and liberate' capital

Google Australasia boss joins ANZ

ANZ poaches new digital banking group executive Maile Carnegie from Google

1st Mar 16, 3:01pm

by Gareth Vaughan

ANZ poaches new digital banking group executive Maile Carnegie from Google

The bail-in threat to NZ bank credit ratings

S&P ponders the impact of reduced Australian govt support for, and higher capital levels at, Australasia's big 4 banks

1st Mar 16, 2:29pm

by Gareth Vaughan

S&P ponders the impact of reduced Australian govt support for, and higher capital levels at, Australasia's big 4 banks

'We can't make money at 3.95%'

Co-operative Bank CEO Bruce McLachlan says it's 'quite telling' that no other bank has yet followed HSBC's 3.95% mortgage rate

1st Mar 16, 12:19pm

by Gareth Vaughan

Co-operative Bank CEO Bruce McLachlan says it's 'quite telling' that no other bank has yet followed HSBC's 3.95% mortgage rate

Are cost-to-income ratios bottoming out?

Negative jaws creeping in as cost pressures rise at many of the country's retail banks

1st Mar 16, 12:04pm

by Gareth Vaughan

Negative jaws creeping in as cost pressures rise at many of the country's retail banks

SBS grows consumer lending 28.5% in 6 months

Finance Now's car loan push, home loans drive SBS Bank's December quarter lending growth as agriculture & commercial lending declines

29th Feb 16, 4:31pm

by Gareth Vaughan

Finance Now's car loan push, home loans drive SBS Bank's December quarter lending growth as agriculture & commercial lending declines

TSB cost-to-income ratio blows out

TSB posts strong Dec quarter lending growth but costs surge through 'deliberate policy' to future proof the bank

26th Feb 16, 5:05pm

by Gareth Vaughan

TSB posts strong Dec quarter lending growth but costs surge through 'deliberate policy' to future proof the bank

Westpac NZ NIM, CTI deteriorate in December quarter

Westpac NZ quarterly unaudited profit flat with asset quality steady

25th Feb 16, 4:31pm

by Gareth Vaughan

Westpac NZ quarterly unaudited profit flat with asset quality steady

BNZ lifts doubtful debts provision

BNZ December quarter NIM falls, CTI rises, mortgage book grows at a fraction below system

25th Feb 16, 4:31pm

by Gareth Vaughan

BNZ December quarter NIM falls, CTI rises, mortgage book grows at a fraction below system

BNZ staff paid the least on average of the big 5 banks' employees

BNZ staff paid an average of $11k less than those of any other big 5 bank; Annual NZ bank staff pay $2.63b in total

25th Feb 16, 5:03am

by Gareth Vaughan

BNZ staff paid an average of $11k less than those of any other big 5 bank; Annual NZ bank staff pay $2.63b in total

ANZ holds lion's share of NZ banks' derivatives

Major NZ banks held $2.77 trillion of derivatives contracts as of Sep 30 last year, KPMG says

25th Feb 16, 5:03am

by Gareth Vaughan

Major NZ banks held $2.77 trillion of derivatives contracts as of Sep 30 last year, KPMG says

RBNZ 'keeping an open mind' on proposed bank outsourcing changes

KPMG says banking sector 'deeply angered and concerned' about RBNZ proposal that could cost 'hundreds of millions'

24th Feb 16, 5:02pm

by Gareth Vaughan

KPMG says banking sector 'deeply angered and concerned' about RBNZ proposal that could cost 'hundreds of millions'

FIPS titbits

Here's a look at some of the detail in KPMG's annual Financial Institutions Performance Survey

24th Feb 16, 7:32am

by Gareth Vaughan

Here's a look at some of the detail in KPMG's annual Financial Institutions Performance Survey

Capital constrained Kiwibank eyes growth in wealth sector

Kiwibank CEO Paul Brock sees wealth sector as 'the big dynamic that's shifting in the NZ financial services marketplace'

23rd Feb 16, 1:44pm

by Gareth Vaughan

Kiwibank CEO Paul Brock sees wealth sector as 'the big dynamic that's shifting in the NZ financial services marketplace'

Westpac NZ issues 17-year covered bond

Westpac NZ issues €200 mln, 17-year covered bond to European pension fund as part of NZ$1.5bln offshore funding round

22nd Feb 16, 1:40pm

by Gareth Vaughan

Westpac NZ issues €200 mln, 17-year covered bond to European pension fund as part of NZ$1.5bln offshore funding round

AEOI, the 4 voweled tax behemoth

Govt seeks feedback on NZ implementation of OECD, G20 push to 'end banking secrecy as we have known it'

22nd Feb 16, 12:02pm

by Gareth Vaughan

Govt seeks feedback on NZ implementation of OECD, G20 push to 'end banking secrecy as we have known it'

'The RBNZ doesn't need to cut the OCR right now' - Kiwibank CEO

Kiwibank chief says the OCR is low enough and the Reserve Bank doesn't need to cut at the moment

22nd Feb 16, 10:31am

by Gareth Vaughan

Kiwibank chief says the OCR is low enough and the Reserve Bank doesn't need to cut at the moment

IRD to consult on changing bank cross jurisdiction funding structures

NZ taxman to consider changes to the tax treatment of hybrid bank securities such as CBA's PERLS VIII

19th Feb 16, 5:02pm

by Gareth Vaughan

NZ taxman to consider changes to the tax treatment of hybrid bank securities such as CBA's PERLS VIII

'Of course there's some stress'

CFO Antonia Watson says ANZ NZ is seeing across the board increases in wholesale funding costs

18th Feb 16, 4:19pm

by Gareth Vaughan

CFO Antonia Watson says ANZ NZ is seeing across the board increases in wholesale funding costs