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 4 months

Latest articles

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

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