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

Commerce Commission to probe residential building supplies market

Commerce and Consumer Affairs Minister David Clark unveils market study of residential building supplies market

21st Nov 21, 6:16pm

by Gareth Vaughan

Commerce and Consumer Affairs Minister David Clark unveils market study of residential building supplies market

OCR hike baked in. But how big should it be & is there actually a case to hold?

Reserve Bank set to increase the Official Cash Rate on Wednesday in the last scheduled review of its key monetary policy tool for three months

21st Nov 21, 6:00am

by Gareth Vaughan

Reserve Bank set to increase the Official Cash Rate on Wednesday in the last scheduled review of its key monetary policy tool for three months

BNZ says Auckland customers' card spending jumped as retail reopened

BNZ says increase in Auckland electronic card spending since bricks and mortar retail reopened pushed it above where it was at when the city's lockdown began in August

19th Nov 21, 1:01pm

by Gareth Vaughan

BNZ says increase in Auckland electronic card spending since bricks and mortar retail reopened pushed it above where it was at when the city's lockdown began in August

Climate change getting more real for the financial services sector

Cost for the financial sector of companies delaying climate action tallied, NAB's potential mortgage discounts for borrowers reducing their reliance on fossil fuels & guidance on managing climate-related financial risks

19th Nov 21, 9:47am

by Gareth Vaughan

'Unprecedented levels of private and public finance' needed to get to net-zero greenhouse gas emissions

Governments will have to ramp up spending on environment and climate protection to get to net-zero greenhouse gas emissions, the Institute of International Finance says

18th Nov 21, 10:05am

by Gareth Vaughan

Governments will have to ramp up spending on environment and climate protection to get to net-zero greenhouse gas emissions, the Institute of International Finance says

Kiwibank, other banks battling to meet RBNZ low deposit lending rules

Kiwibank pulling plug on pre-approvals for low deposit home loans as banks strive to meet new RBNZ LVR restrictions

17th Nov 21, 7:44am

by Gareth Vaughan

Kiwibank pulling plug on pre-approvals for low deposit home loans as banks strive to meet new RBNZ LVR restrictions

RBNZ Chief Economist Yuong Ha departing in February

Reserve Bank Chief Economist Yuong Ha to follow deputy governor Geoff Bascand out the door in early 2022

15th Nov 21, 1:24pm

by Gareth Vaughan

Reserve Bank Chief Economist Yuong Ha to follow deputy governor Geoff Bascand out the door in early 2022

Westpac NZ Chief Financial Officer moves into new role as new CEO starts

Westpac NZ CFO Ian Hankins shifts to role as General Manager of Consumer Banking and Wealth as Catherine McGrath takes over as CEO

15th Nov 21, 11:27am

by Gareth Vaughan

Westpac NZ CFO Ian Hankins shifts to role as General Manager of Consumer Banking and Wealth as Catherine McGrath takes over as CEO

Moody's calls for standardised cross jurisdictional cybersecurity reporting from banks

Credit rating agency Moody's advocates for standardised cybersecurity reporting across jurisdictions & more consistent definitions of what is a cybersecurity incident

15th Nov 21, 8:45am

by Gareth Vaughan

Credit rating agency Moody's advocates for standardised cybersecurity reporting across jurisdictions & more consistent definitions of what is a cybersecurity incident

Should a one-off Covid tax be applied to New Zealand's banks?

Gareth Vaughan mulls whether our banks' strong profits in a time of Covid-19 induced upheaval warrant a one-off Covid tax

14th Nov 21, 6:00am

by Gareth Vaughan

Gareth Vaughan mulls whether our banks' strong profits in a time of Covid-19 induced upheaval warrant a one-off Covid tax

Juniper sees value of payment transactions via open banking surging 2,800% in 5 years

Juniper Research details open banking use cases and challenges, sees turbo charged growth of payment transactions facilitated by open banking

12th Nov 21, 1:25pm

by Gareth Vaughan

Juniper Research details open banking use cases and challenges, sees turbo charged growth of payment transactions facilitated by open banking

New BNZ CEO not too fussed about remaining NZ's biggest business lender

Big bank annual financial results confirm BNZ as NZ's biggest business lender, albeit CEO Dan Huggins says he's 'not too caught up on the size of the book'

11th Nov 21, 6:56pm

by Gareth Vaughan

Big bank annual financial results confirm BNZ as NZ's biggest business lender, albeit CEO Dan Huggins says he's 'not too caught up on the size of the book'

Being a big bank shareholder looks set to remain a good thing

Citi analysts estimate A$35 billion of 'excess capital' is heading the way of the big four Australasian banks' shareholders

11th Nov 21, 9:29am

by Gareth Vaughan

Citi analysts estimate A$35 billion of 'excess capital' is heading the way of the big four Australasian banks' shareholders

BNZ in pursuit of its 'natural share' of the housing lending market

New BNZ CEO Dan Huggins says the bank continues striving to raise its home loan market share to align it with the bank's share of business lending

10th Nov 21, 3:25pm

by Gareth Vaughan

New BNZ CEO Dan Huggins says the bank continues striving to raise its home loan market share to align it with the bank's share of business lending

Government mulls dragging BNPL sector under credit contracts law

Government consultation paper floats three options for addressing financial hardship caused by the buy now, pay later sector

9th Nov 21, 6:35pm

by Gareth Vaughan

Government consultation paper floats three options for addressing financial hardship caused by the buy now, pay later sector

Stonking annual results for BNZ as profit powers to a record high

BNZ posts 74% surge in annual profit to $1.322 billion as income jumps 14% and expenses tumble 9%; Big 4 banks' combined annual profit reaches $5.493 billion

9th Nov 21, 10:27am

by Gareth Vaughan

BNZ posts 74% surge in annual profit to $1.322 billion as income jumps 14% and expenses tumble 9%; Big 4 banks' combined annual profit reaches $5.493 billion

Kiwibank's parent company sells insurance business

Kiwi Insurance, sister company of Kiwibank, is sold to NIB for $45 million

8th Nov 21, 11:08am

by Gareth Vaughan

Kiwi Insurance, sister company of Kiwibank, is sold to NIB for $45 million

Big four banks set for record combined annual profit

ANZ NZ, ASB, BNZ and Westpac NZ set to post record combined annual profit as the Reserve Bank talks up reduced levels of market concentration

6th Nov 21, 9:45am

by Gareth Vaughan

ANZ NZ, ASB, BNZ and Westpac NZ set to post record combined annual profit as the Reserve Bank talks up reduced levels of market concentration

SBS Bank makes internal appointment naming Mark McLean its new CEO

SBS Bank names Mark McLean, currently general manager for member experience, its new CEO to succeed the departing Shaun Drylie

5th Nov 21, 1:29pm

by Gareth Vaughan

SBS Bank names Mark McLean, currently general manager for member experience, its new CEO to succeed the departing Shaun Drylie

ASB doesn't appear set to be a fast follower of its Aussie parent's cryptocurrency move

ASB 'monitoring developments' as its Aussie parent starts offering the options of buying, selling and holding cryptocurrencies via its app

4th Nov 21, 10:18am

by Gareth Vaughan

ASB 'monitoring developments' as its Aussie parent starts offering the options of buying, selling and holding cryptocurrencies via its app

Mortgage applications rising despite Covid uncertainty

Credit bureau Centrix reports rising levels of business debt stress in Auckland and Northland

2nd Nov 21, 6:12pm

by Gareth Vaughan

Credit bureau Centrix reports rising levels of business debt stress in Auckland and Northland

Simon Power on missing out on the Westpac NZ CEO job

Simon Power says he has 'thoroughly enjoyed' being Westpac NZ's Acting CEO, keeps cards close to his chest on missing out on the role on a permanent basis

2nd Nov 21, 9:41am

by Gareth Vaughan

Simon Power says he has 'thoroughly enjoyed' being Westpac NZ's Acting CEO, keeps cards close to his chest on missing out on the role on a permanent basis

Westpac NZ annual profit jumps 69% on loan impairment reversal

Westpac NZ annual profit bounces back after major reversal in loan impairments

1st Nov 21, 10:23am

by Gareth Vaughan

Westpac NZ annual profit bounces back after major reversal in loan impairments

Jarden likes ANZ's exposure to higher New Zealand interest rates

Jarden analysts point out ANZ's greater exposure to NZ than its Aussie rivals mean it's likely to benefit more from rising NZ interest rates, possibly at the expense of depositors

1st Nov 21, 9:19am

by Gareth Vaughan

Jarden analysts point out ANZ's greater exposure to NZ than its Aussie rivals mean it's likely to benefit more from rising NZ interest rates, possibly at the expense of depositors

Can ANZ reverse the increasing weight of housing lending as a percentage of its total lending?

CEO Antonia Watson says 'the confidence dial' needs to shift from home loan borrowers to business & agriculture borrowers to reverse the rise of housing lending as a percentage of ANZ NZ's total lending

29th Oct 21, 2:07pm

by Gareth Vaughan