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

'Widespread compliance failures across multiple Westpac businesses'

In what it describes as an unprecedented move, the Australian Securities & Investments Commission is launching 6 court cases against Westpac simultaneously

30th Nov 21, 10:29am

by Gareth Vaughan

In what it describes as an unprecedented move, the Australian Securities & Investments Commission is launching 6 court cases against Westpac simultaneously

Westpac aside the big banks saw a strong rise in September quarter profit

September quarter combined financial performance from the big 5 NZ banks comfortably outstrips September 2020 quarter on a range of measures

29th Nov 21, 12:06pm

by Gareth Vaughan

September quarter combined financial performance from the big 5 NZ banks comfortably outstrips September 2020 quarter on a range of measures

A weekend Top 5: Champagne time in container shipping, how a banking crisis helped the Nazis, the paradox of our own ignorance & more

Gareth Vaughan on champagne time in container shipping, how a banking crisis helped the Nazis, Ireland's tax haven, cryptocurrency and puppies, plus the paradox of our own ignorance

28th Nov 21, 6:00am

by Gareth Vaughan

Gareth Vaughan on champagne time in container shipping, how a banking crisis helped the Nazis, Ireland's tax haven, cryptocurrency and puppies, plus the paradox of our own ignorance

RBNZ ordered Westpac NZ review provides some important context to board & executive changes

Westpac NZ's independent non-executive directors 'were not able to engage with and provide robust challenges to the executive on risk topics'

26th Nov 21, 9:47am

by Gareth Vaughan

Westpac NZ's independent non-executive directors 'were not able to engage with and provide robust challenges to the executive on risk topics'

RBNZ 'may well be a bellwether for other countries'

Nomura suggests the RBNZ will lift the OCR by 50 basis points and this would warrant, and likely gain, global attention

24th Nov 21, 8:04am

by Gareth Vaughan

Nomura suggests the RBNZ will lift the OCR by 50 basis points and this would warrant, and likely gain, global attention

RBNZ talks down the potential impact of the DTI political football on first home buyers

Reserve Bank plays down the likely impact of restricting house buyers' borrowing capacity on first home buyers

23rd Nov 21, 3:34pm

by Gareth Vaughan

Reserve Bank plays down the likely impact of restricting house buyers' borrowing capacity on first home buyers

RBNZ floats possibility of debt-to-income ratio of 6 or 7 & a test interest rate floor of 7% or 8%

Reserve Bank launches consultation on potential debt serviceability restrictions that could be used if it believes financial stability risks warrant them

23rd Nov 21, 10:49am

by Gareth Vaughan

Reserve Bank launches consultation on potential debt serviceability restrictions that could be used if it believes financial stability risks warrant them

Macquarie favours NAB and ANZ over CBA and Westpac

Macquarie suggests NAB and ANZ have better prospects at the moment than 'retail overweight' major bank peers, CBA and Westpac

23rd Nov 21, 7:53am

by Gareth Vaughan

Macquarie suggests NAB and ANZ have better prospects at the moment than 'retail overweight' major bank peers, CBA and Westpac

BNZ says home buyers now need a deposit of at least 20%

BNZ clamps down on low equity home lending to meet new RBNZ speed limit

22nd Nov 21, 8:11am

by Gareth Vaughan

BNZ clamps down on low equity home lending to meet new RBNZ speed limit

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