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 1 month

Latest articles

Global debt rises above US$305 trillion

Institute of International Finance cautions on hidden debt in emerging markets as global debt hits new highs

19th May 22, 12:38pm

by Gareth Vaughan

Institute of International Finance cautions on hidden debt in emerging markets as global debt hits new highs

Banks are boring

Gareth Vaughan looks at how and why a risk-off mindset is dominating at NZ's major banks

18th May 22, 1:52pm

by Gareth Vaughan

Gareth Vaughan looks at how and why a risk-off mindset is dominating at NZ's major banks

Is the labour market a bigger problem for RBNZ monetary policy than inflation?

BNZ's Stephen Toplis argues the labour market is causing RBNZ monetary policy more problems than the highest inflation in 30 years

18th May 22, 12:40pm

by Gareth Vaughan

BNZ's Stephen Toplis argues the labour market is causing RBNZ monetary policy more problems than the highest inflation in 30 years

Westpac NZ economists raise their forecast OCR peak by 50 basis points

Economists at Westpac NZ say RBNZ inflation targeting facing the biggest challenge in its 30+ year history

17th May 22, 7:50am

by Gareth Vaughan

Economists at Westpac NZ say RBNZ inflation targeting facing the biggest challenge in its 30+ year history

A weekend Top 5: Crypto contagion, supply chain resilience, mortgage interest rate caps & more

Gareth Vaughan on crypto contagion, improving supply chain resilience, mortgage interest rate caps, catching Covid again & again, and a house on stilts falling into the ocean

14th May 22, 9:10am

by Gareth Vaughan

Gareth Vaughan on crypto contagion, improving supply chain resilience, mortgage interest rate caps, catching Covid again & again, and a house on stilts falling into the ocean

Commerce Commission oversight of retail payments nears

Government regulation of merchant service fees to lower the fees charged when credit and debit transactions are made

13th May 22, 9:59am

by Gareth Vaughan

Government regulation of merchant service fees to lower the fees charged when credit and debit transactions are made

Shanghai lockdown seen ramping up global supply chain disruption

Fitch highlights global supply chain impact stemming from Shanghai lockdown as China pursues zero-Covid policy

12th May 22, 2:03pm

by Gareth Vaughan

Fitch highlights global supply chain impact stemming from Shanghai lockdown as China pursues zero-Covid policy

BNZ joins other banks, increases mortgage serviceability interest rate by 50 basis points

BNZ the latest bank to increase the interest rate it uses to stress test mortgage applicants' ability to service their loans

12th May 22, 10:35am

by Gareth Vaughan

BNZ the latest bank to increase the interest rate it uses to stress test mortgage applicants' ability to service their loans

RBNZ mulling potential ANZ NZ breaches of anti-money laundering law

Possible ANZ NZ anti-money laundering breaches referred to the Reserve Bank’s enforcement team

11th May 22, 5:00pm

by Gareth Vaughan

Possible ANZ NZ anti-money laundering breaches referred to the Reserve Bank’s enforcement team

'We've been making really sensible decisions about who we've been lending to'

Westpac NZ CEO Catherine McGrath 'pretty happy' with how bank staff are assessing how borrowers can afford their debt

11th May 22, 5:00am

by Gareth Vaughan

Westpac NZ CEO Catherine McGrath 'pretty happy' with how bank staff are assessing how borrowers can afford their debt

Peter Mersi named new IRD Commissioner and Chief Executive

Former IRD Deputy Commissioner and current Secretary for Transport Peter Mersi to be IRD Commissioner and Chief Executive from July

10th May 22, 11:16am

by Gareth Vaughan

Former IRD Deputy Commissioner and current Secretary for Transport Peter Mersi to be IRD Commissioner and Chief Executive from July

Westpac NZ relationship with the RBNZ 'heading in the right direction'

Westpac NZ CEO Catherine McGrath says level of engagement and discussion with RBNZ now 'really good' after bank copped serves from the regulator last year

10th May 22, 9:48am

by Gareth Vaughan

Westpac NZ CEO Catherine McGrath says level of engagement and discussion with RBNZ now 'really good' after bank copped serves from the regulator last year

ANZ & BNZ on track to meet new RBNZ outsourcing requirements after spending hundreds of millions of dollars

ANZ NZ CEO says NZ's biggest bank to be ready for new RBNZ outsourcing requirements ahead of schedule, but would've liked to spend the money on customer services

9th May 22, 4:44pm

by Gareth Vaughan

ANZ NZ CEO says NZ's biggest bank to be ready for new RBNZ outsourcing requirements ahead of schedule, but would've liked to spend the money on customer services

Westpac NZ interim profit drops $26m. CEO says falling house prices shouldn't worry recent buyers in it for the long haul

[updated]

Westpac NZ interim profit falls 5% with net interest margin down eight basis points

9th May 22, 9:58am

by Gareth Vaughan

Westpac NZ interim profit falls 5% with net interest margin down eight basis points

What happened Friday

A review of things you need to know before you go home on Friday; ANZ cuts milk price forecasts, FMA issues stop order, RBNZ retains floors, beef cattle numbers up, dairy cattle numbers down

6th May 22, 3:48pm

by Gareth Vaughan

A review of things you need to know before you go home on Friday; ANZ cuts milk price forecasts, FMA issues stop order, RBNZ retains floors, beef cattle numbers up, dairy cattle numbers down

BNZ CEO happy to continue growing housing lending 'where we can lend responsibly'

CEO Dan Huggins says despite the weaker housing market, BNZ retains the appetite to grow lending; - responsibly

6th May 22, 10:35am

by Gareth Vaughan

CEO Dan Huggins says despite the weaker housing market, BNZ retains the appetite to grow lending; - responsibly

What does the proposed ANZ Group separation of its bank & non-bank business mean?

As the ANZ Group eyes splitting its bank and non-bank businesses into two, CEO Shayne Elliott, citing the example of Macquarie, sees no limit to the potential size of the non-bank group

5th May 22, 10:55am

by Gareth Vaughan

As the ANZ Group eyes splitting its bank and non-bank businesses into two, CEO Shayne Elliott, citing the example of Macquarie, sees no limit to the potential size of the non-bank group

BNZ interim profit rises 7.4%, mortgage serviceability test rate under review

[updated]

Half-year profit increases to $709 million for BNZ as income grows and expenses fall

5th May 22, 10:29am

by Gareth Vaughan

Half-year profit increases to $709 million for BNZ as income grows and expenses fall

Always-on NZ retail payments network expected in 2023

RBNZ expects always-on retail payments next year, to stress test banks on rising interest rates & climate change, will consult on cyber data collection

5th May 22, 9:50am

by Gareth Vaughan

RBNZ expects always-on retail payments next year, to stress test banks on rising interest rates & climate change, will consult on cyber data collection

ANZ NZ interim profit tops $1 billion for first time. Aussie bosses praise 'terrific' NZ business

[updated]

Record half-year profit for ANZ NZ as it grows its share of the home loan market. Aussie parent eyes group restructure

4th May 22, 10:02am

by Gareth Vaughan

Record half-year profit for ANZ NZ as it grows its share of the home loan market. Aussie parent eyes group restructure

New debt ceiling won't impact volume of bonds government can issue

Treasury's debt office can issue government bonds in excess of new government debt ceiling

4th May 22, 7:50am

by Gareth Vaughan

Treasury's debt office can issue government bonds in excess of new government debt ceiling

Reserve Bank of Australia lifts cash rate, signals more increases ahead

Reserve Bank of Australia increases cash rate target by 25 basis points to 35 basis points, its first rate hike since 2010

3rd May 22, 4:40pm

by Gareth Vaughan

Reserve Bank of Australia increases cash rate target by 25 basis points to 35 basis points, its first rate hike since 2010

Centrix suggests business confidence may be improving

Credit bureau Centrix says business debt demand is starting to rise, suggesting improving business confidence

3rd May 22, 5:00am

by Gareth Vaughan

Credit bureau Centrix says business debt demand is starting to rise, suggesting improving business confidence

ANZ increases the interest rate it uses to stress test mortgage applicants

ANZ New Zealand lifts its Servicing Sensitivity Rate, which it uses to stress test mortgage applicants, by 45 basis points

2nd May 22, 10:53am

by Gareth Vaughan

ANZ New Zealand lifts its Servicing Sensitivity Rate, which it uses to stress test mortgage applicants, by 45 basis points

'A drastic transformation' of how our supply chain operates in govt's sights as it eyes NZ's first ever comprehensive freight & supply chain strategy

[updated]

Government planning NZ's first ever comprehensive freight and supply chain strategy against the backdrop of climate change mitigation efforts & COVID-19 disruption

1st May 22, 6:00am

by Gareth Vaughan

Government planning NZ's first ever comprehensive freight and supply chain strategy against the backdrop of climate change mitigation efforts & COVID-19 disruption