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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. He has received awards in the EY Business Journalism Awards, Canon Media Awards, and Shareholders' Association Business Journalism Awards.

Member for

16 years 6 months

Latest articles

bye
Kookmin Bank set to close at year's end
Kookmin Bank, operating in NZ as a branch of its South Korean parent, pushes ahead with wind-down
by Gareth Vaughan
Kookmin Bank, operating in NZ as a branch of its South Korean parent, pushes ahead with wind-down
Rates
Co-op Bank CEO questions other banks' floating mortgage rates
The Co-operative Bank CEO Mark Wilkshire puts a spotlight on floating mortgage rates, where his bank is the outlier
by Gareth Vaughan
2
The Co-operative Bank CEO Mark Wilkshire puts a spotlight on floating mortgage rates, where his bank is the outlier
BNZ sign
BNZ says AI impact on software lifetime a factor in $253m hit to interim profit
BNZ says changes to its software capitalisation accounting will reduce half-year profit by $253 million
by Gareth Vaughan
1
BNZ says changes to its software capitalisation accounting will reduce half-year profit by $253 million
stag
Prolonged Middle East conflict 'could trigger stagflation' in NZ
S&P Global Ratings floats potential for stagflation in NZ in event of prolonged Middle East war
by Gareth Vaughan
7
S&P Global Ratings floats potential for stagflation in NZ in event of prolonged Middle East war
eftpos
Aussie firm buying NZ's original EFTPOS provider
Australia's Cuscal acquiring electronic payments processor Worldline New Zealand and reviving Paymark brand
by Gareth Vaughan
Australia's Cuscal acquiring electronic payments processor Worldline New Zealand and reviving Paymark brand
AML
Banks baulk at paying 85% of government's proposed AML levies
Bank lobby group says government proposal for its members to pay $23m of annual AML levies isn't equitable or proportionate
by Gareth Vaughan
4
Bank lobby group says government proposal for its members to pay $23m of annual AML levies isn't equitable or proportionate
Raising the OCR 'could be reckless'
Kiwibank chief economist Jarrod Kerr says households and businesses don't need rate hikes to dampen demand against the backdrop of an oil shock
by Gareth Vaughan
48
Kiwibank chief economist Jarrod Kerr says households and businesses don't need rate hikes to dampen demand against the backdrop of an oil shock
Man at an ANZ ATM machine
RBNZ's preferred cash approach 'to work with banks...on voluntary basis'
[updated]
Assistant Governor Karen Silk says Reserve Bank has already received more than 4000 responses on its 'keeping cash local' consultation
by Gareth Vaughan
7
Assistant Governor Karen Silk says Reserve Bank has already received more than 4000 responses on its 'keeping cash local' consultation
t
NZ government welcomes Middle East ceasefire
[updated]
Foreign Minister Winston Peters says NZ 'will stand in support of all efforts to bring about a lasting, durable end' to Middle East conflict
by Gareth Vaughan
34
Foreign Minister Winston Peters says NZ 'will stand in support of all efforts to bring about a lasting, durable end' to Middle East conflict
sme
Major banks told to extend open banking to small business customers
Government talks up potential of open banking for small and medium sized businesses
by Gareth Vaughan
Government talks up potential of open banking for small and medium sized businesses
sun
Outlook remains bright, Rabobank NZ says
Rabobank NZ posts annual profit increase, says outlook for the agriculture sector remains bright despite oil shock
by Gareth Vaughan
1
Rabobank NZ posts annual profit increase, says outlook for the agriculture sector remains bright despite oil shock
inflation-expectationsrf2.jpg
'The law of one price is under threat'
Why the likes of Statistics NZ may have to abandon sampling and seek to collect every price paid to 'save inflation'
by Gareth Vaughan
Why the likes of Statistics NZ may have to abandon sampling and seek to collect every price paid to 'save inflation'
asb
ASB's long running transaction monitoring woes
Foreign trust monitoring failures related to $9.37 billion of transactions included in ASB's anti-money laundering non-compliance
by Gareth Vaughan
2
Foreign trust monitoring failures related to $9.37 billion of transactions included in ASB's anti-money laundering non-compliance
fuel
Consumer confidence tumbles
ANZ-Roy Morgan survey shows big fall in consumer confidence, rise in inflation expectations
by Gareth Vaughan
11
ANZ-Roy Morgan survey shows big fall in consumer confidence, rise in inflation expectations
AI
Banking sector has 'greatest technical potential for AI cost savings' with 56% of workers 'highly exposed' to automation
Macquarie analysts crunch the numbers on the staff cost cutting potential major banks have from AI
by Gareth Vaughan
Macquarie analysts crunch the numbers on the staff cost cutting potential major banks have from AI
storm
'Current exalted bank valuations represent a very benign view of the economic outlook'
Big banks expected to increase bad debt provisioning as economic picture darkens
by Gareth Vaughan
Big banks expected to increase bad debt provisioning as economic picture darkens
RBNZ Governor encourages businesses that can 'see through' temporary cost pressures to do so
[updated]
Reserve Bank Governor Anna Breman says 'monetary policy will have to react' if a wage-price spiral emerges
by Gareth Vaughan
14
Reserve Bank Governor Anna Breman says 'monetary policy will have to react' if a wage-price spiral emerges
Rates
RBNZ warned of threat to viability of NZ interest rate benchmarks
Reserve Bank pledges to 'support market liquidity and capital market development' as it introduces a Committed Liquidity Facility for deposit takers
by Gareth Vaughan
Reserve Bank pledges to 'support market liquidity and capital market development' as it introduces a Committed Liquidity Facility for deposit takers
rbnz
RBNZ 'expanding its communications approach' against backdrop of Middle East war
Reserve Bank top brass to front publicly after April OCR review, and outline thoughts on impact of Middle East conflict
by Gareth Vaughan
Reserve Bank top brass to front publicly after April OCR review, and outline thoughts on impact of Middle East conflict
'A 10 basis point spread between our key deposit and lending rates is the right starting point'
Reserve Bank decides to leave settlement account interest rate at OCR, and set reverse repo rate 10 basis points higher
by Gareth Vaughan
Reserve Bank decides to leave settlement account interest rate at OCR, and set reverse repo rate 10 basis points higher
money
MoJ proposes banks, 'the highest risk' sector, pay 85% of anti-money laundering levies
Citing a 'nexus between all other money laundering and banks,' the Ministry of Justice proposes banks pay lion's share of AML levies
by Gareth Vaughan
5
Citing a 'nexus between all other money laundering and banks,' the Ministry of Justice proposes banks pay lion's share of AML levies
US
Podcast: NZ's objective with Trump should be 'to not become the focus of his wrath'
Long-time Trump watcher David Cay Johnston explains why he fears for US democracy
by Gareth Vaughan
21
Long-time Trump watcher David Cay Johnston explains why he fears for US democracy
payments
ACI Worldwide's Philip Bruno makes the case for real-time payments
A real-time domestic payments network could provide 'a better and cheaper alternative' to Visa and Mastercard
by Gareth Vaughan
A real-time domestic payments network could provide 'a better and cheaper alternative' to Visa and Mastercard
banks
TSB, SBS Bank & The Co-operative Bank on open banking
What plans, if any, do the small NZ-owned banks have where open banking's concerned?
by Gareth Vaughan
What plans, if any, do the small NZ-owned banks have where open banking's concerned?
dashboard
No government data on open banking use yet
MBIE developing a Consumer Data Right reporting framework featuring public dashboard showing progress and uptake of open banking
by Gareth Vaughan
MBIE developing a Consumer Data Right reporting framework featuring public dashboard showing progress and uptake of open banking