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

SMEs don't think banks have done enough to help them during the pandemic, survey suggests

Early signs New Zealand banks are at risk of losing SME customers to non-traditional competitors, FICO says

29th Apr 22, 11:09am

by Gareth Vaughan

Early signs New Zealand banks are at risk of losing SME customers to non-traditional competitors, FICO says

RBNZ details key issues submitters want clarity on before any DTI tool is finalised

Submitters raise a series of questions and issues they wanted answered and resolved before the RBNZ rolls out a DTI tool

28th Apr 22, 10:04am

by Gareth Vaughan

Submitters raise a series of questions and issues they wanted answered and resolved before the RBNZ rolls out a DTI tool

The Bank of Mum and Dad a key player in the first home buyer's market

[updated]

Consumer NZ says the Bank of Mum and Dad is the fifth biggest owner-occupier lender in New Zealand

28th Apr 22, 8:26am

by Gareth Vaughan

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Consumer NZ says the Bank of Mum and Dad is the fifth biggest owner-occupier lender in New Zealand

RBNZ says DTI framework to be finalised by late 2022, restrictions could be introduced by mid-2023 if required

[updated]

RBNZ to develop debt-to-income ratio framework for mortgage lending, but won't set banks' test interest rates at this stage

27th Apr 22, 10:37am

by Gareth Vaughan

RBNZ to develop debt-to-income ratio framework for mortgage lending, but won't set banks' test interest rates at this stage

Vehicle repairers' lobby group says its fears stemming from insurer IAG's market dominance are coming to fruition

Collision Repair Association says the scale of dominant insurer IAG NZ threatens its members' ongoing viability

22nd Apr 22, 11:11am

by Gareth Vaughan

Collision Repair Association says the scale of dominant insurer IAG NZ threatens its members' ongoing viability

BNPL contracts could be regulated as revolving credit contracts, ComCom says

Commerce Commission says if the buy now pay later sector is to be dragged under consumer credit regulations, its contracts with customers could be regulated as revolving credit contracts

21st Apr 22, 3:13pm

by Gareth Vaughan

Commerce Commission says if the buy now pay later sector is to be dragged under consumer credit regulations, its contracts with customers could be regulated as revolving credit contracts

Average bank two-year mortgage rate may top average bank floating rate

With interest rates on two-year bank mortgage rates seemingly poised to rise above floating rates, could we see growth in the number of borrowers choosing to float over fixing?

21st Apr 22, 10:13am

by Gareth Vaughan

With interest rates on two-year bank mortgage rates seemingly poised to rise above floating rates, could we see growth in the number of borrowers choosing to float over fixing?

The stark difference between the NZ and Australian central banks' key interest rates

Why has a chasm opened up between the Reserve Bank of New Zealand's OCR and Reserve Bank of Australia's Cash Rate Target?

20th Apr 22, 10:05am

by Gareth Vaughan

Why has a chasm opened up between the Reserve Bank of New Zealand's OCR and Reserve Bank of Australia's Cash Rate Target?

What bank customers think of their bank's service

Co-op Bank No. 1, People's Choice gong for TSB, Kiwibank customers experiencing problems, ANZ customers least satisfied with value for money, Westpac dead last in consumer satisfaction survey

18th Apr 22, 8:45am

by Gareth Vaughan

Co-op Bank No. 1, People's Choice gong for TSB, Kiwibank customers experiencing problems, ANZ customers least satisfied with value for money, Westpac dead last in consumer satisfaction survey

Government $300m capital facility for emergency use by Kiwibank terminated

Curtain falls on $300m government capital facility established for use in emergency by Kiwibank

14th Apr 22, 10:33am

by Gareth Vaughan

Curtain falls on $300m government capital facility established for use in emergency by Kiwibank

Bank customers noticing their banks are doing better than them, Consumer NZ says

NZ-owned banks again top Consumer NZ's customer satisfaction survey with Westpac & ANZ bringing up the rear

13th Apr 22, 10:08am

by Gareth Vaughan

NZ-owned banks again top Consumer NZ's customer satisfaction survey with Westpac & ANZ bringing up the rear

Loan stickiness seen helping banks as volume of lending growth declines

Whilst loan volume growth will likely be lower, loans may prove stickier for banks as economic conditions toughen for borrowers, KPMG says

13th Apr 22, 9:30am

by Gareth Vaughan

Whilst loan volume growth will likely be lower, loans may prove stickier for banks as economic conditions toughen for borrowers, KPMG says

Citi analysts prefer ‘revenue challenged’ major Aussie banks to ‘asset growing’ banks

Big Australasian banks' net interest margins set for a boost from Aussie cash rate increases, Citi says

12th Apr 22, 9:28am

by Gareth Vaughan

Big Australasian banks' net interest margins set for a boost from Aussie cash rate increases, Citi says

Should the RBNZ increase the OCR by 25 or 50 basis points?

NZIER's Shadow Board sharply divided over whether the Reserve Bank should increase the OCR 25 or 50 basis points on Wednesday

11th Apr 22, 10:54am

by Gareth Vaughan

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NZIER's Shadow Board sharply divided over whether the Reserve Bank should increase the OCR 25 or 50 basis points on Wednesday

A weekend Top 5: A return to commodity-backed money, Canada's solutions to NZ-style housing problems & more

Gareth Vaughan on a return to commodity-backed money, crypto & the GFC, Canada's solutions to NZ-style housing problems, a Covid tax for banks, plus Elon Musk and securities laws

9th Apr 22, 9:30am

by Gareth Vaughan

Gareth Vaughan on a return to commodity-backed money, crypto & the GFC, Canada's solutions to NZ-style housing problems, a Covid tax for banks, plus Elon Musk and securities laws

CCCFA changes 'narrow refinements to specific aspects of regulations, rather than wholesale changes'

MBIE highlights where it sees lenders' interpretation and implementation of credit contracts and consumer finance regulations as too onerous and restrictive

8th Apr 22, 9:38am

by Gareth Vaughan

MBIE highlights where it sees lenders' interpretation and implementation of credit contracts and consumer finance regulations as too onerous and restrictive

New Zealanders' debt appetite weakens as consumer confidence slumps

Credit bureau Centrix sees softening demand for consumer debt as arrears on personal loans rise

7th Apr 22, 5:00am

by Gareth Vaughan

Credit bureau Centrix sees softening demand for consumer debt as arrears on personal loans rise

As the govt seeks to improve clarity around the controlling owners of companies & limited partnerships why are trusts excluded?

The global anti-money laundering watchdog suggested NZ consider developing a register of trusts. But even as it bolsters beneficial ownership information on companies & limited partnerships the government isn't taking this advice. Why?

6th Apr 22, 2:02pm

by Gareth Vaughan

Ex-RBNZ senior staffer joins Heartland Bank as Chief Risk Officer

Heartland Group Holdings expands management team as it grows in Australia

6th Apr 22, 1:04pm

by Gareth Vaughan

Heartland Group Holdings expands management team as it grows in Australia

Steady, but unspectacular growth for peer to peer lending

Peer to peer loan value grows 6%, investor numbers up 8%, number of loans down 3%

4th Apr 22, 11:21am

by Gareth Vaughan

Peer to peer loan value grows 6%, investor numbers up 8%, number of loans down 3%

Complaints received by Banking Ombudsman down 13% in fourth quarter of 2021

Complaints from bank customers drop in the final quarter of 2021 year-on-year despite CCCFA changes

1st Apr 22, 12:57pm

by Gareth Vaughan

Complaints from bank customers drop in the final quarter of 2021 year-on-year despite CCCFA changes

Heartland buying Aussie livestock finance business

Heartland Group Holdings expanding in Australia through up to A$154 million acquisition of livestock finance business StockCo Australia

1st Apr 22, 12:33pm

by Gareth Vaughan

Heartland Group Holdings expanding in Australia through up to A$154 million acquisition of livestock finance business StockCo Australia

RBNZ keen to remain an anti-money laundering supervisor

Submissions to Ministry of Justice review divided on whether NZ's anti-money laundering oversight, with 3 supervisors, should be retained or changed

31st Mar 22, 7:47am

by Gareth Vaughan

Submissions to Ministry of Justice review divided on whether NZ's anti-money laundering oversight, with 3 supervisors, should be retained or changed

Rising global shipping costs have a material and persistent impact on domestic inflation

IMF working paper delves into the impact of Covid-era shipping cost rises on domestic inflation

30th Mar 22, 9:28am

by Gareth Vaughan

IMF working paper delves into the impact of Covid-era shipping cost rises on domestic inflation

Big jump in Rabobank NZ annual profit

Rabobank keen to grow via new lending to farmers and businesses in NZ's food and agribusiness supply chain

30th Mar 22, 9:27am

by Gareth Vaughan

Rabobank keen to grow via new lending to farmers and businesses in NZ's food and agribusiness supply chain