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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

15 years 4 months

Latest articles

RBNZ anti-money laundering oversight of banks 'doesn't adequately reflect their risk & complexity'
Global money laundering and terrorist financing watchdog says the RBNZ needs 'adequate resources to apply the appropriate scope and depth of supervision to banks'
29th Apr 21, 7:30pm
by Gareth Vaughan
2
Global money laundering and terrorist financing watchdog says the RBNZ needs 'adequate resources to apply the appropriate scope and depth of supervision to banks'
Probe of NZ's anti-money laundering efforts recommends a register for our hundreds of thousands of trusts
Financial Action Task Force's anti-money laundering review of NZ highlights the openness to abuse of trusts and company nominee director & shareholder arrangements
29th Apr 21, 7:30pm
by Gareth Vaughan
21
Financial Action Task Force's anti-money laundering review of NZ highlights the openness to abuse of trusts and company nominee director & shareholder arrangements
Our idiosyncratic Reserve Bank is being dragged into the regulatory mainstream
Gareth Vaughan delves into the detail of sweeping new powers proposed for the Reserve Bank, and explains why the Government wants to move regulation of deposit takers in this direction
27th Apr 21, 5:00am
by Gareth Vaughan
29
Gareth Vaughan delves into the detail of sweeping new powers proposed for the Reserve Bank, and explains why the Government wants to move regulation of deposit takers in this direction
Directors of banks & other deposit takers may be required to insure themselves
Government eyes personal insurance requirement for directors of banks and other deposit takers with the entity they represent not allowed to insure or indemnify directors
25th Apr 21, 6:01am
by Gareth Vaughan
14
Government eyes personal insurance requirement for directors of banks and other deposit takers with the entity they represent not allowed to insure or indemnify directors
RBNZ to add statutory bail-in to its bank failure toolkit
Beefed up RBNZ bank failure powers under the incoming Deposit Takers Act to include statutory bail-in and statutory management
23rd Apr 21, 2:33pm
by Gareth Vaughan
32
Beefed up RBNZ bank failure powers under the incoming Deposit Takers Act to include statutory bail-in and statutory management
'Legitimate interest of elected representatives' addressed in RBNZ Act review
Finance Minister Grant Robertson unveils a a new process for setting lending restrictions, which introduces what appears to be a more active role for the Minister of Finance
22nd Apr 21, 12:37pm
by Gareth Vaughan
46
Finance Minister Grant Robertson unveils a a new process for setting lending restrictions, which introduces what appears to be a more active role for the Minister of Finance
Trading & markets income tipped to boost big banks' upcoming financial results
Macquarie analysts see ANZ as the biggest revenue beneficiary from higher trading and markets income among the major Australasian banks
22nd Apr 21, 10:19am
by Gareth Vaughan
Macquarie analysts see ANZ as the biggest revenue beneficiary from higher trading and markets income among the major Australasian banks
New Squirrel home loans 'somewhere between securitisation and an old fashioned first and second mortgage'
Mortgage broker Squirrel unveils home loans requiring a deposit as low as 5% targeted at first home buyers in cities who are on good incomes but can't rely on parental support
21st Apr 21, 7:38am
by Gareth Vaughan
55
Mortgage broker Squirrel unveils home loans requiring a deposit as low as 5% targeted at first home buyers in cities who are on good incomes but can't rely on parental support
Raging housing market during global pandemic = higher bank profits
Big four banks deliver strong financial performance in December quarter as housing market goes ballistic
19th Apr 21, 5:26pm
by Gareth Vaughan
4
Big four banks deliver strong financial performance in December quarter as housing market goes ballistic
What happened Friday
A review of things you need to know before you go home on Friday: Third Pfizer/BioNTech vaccine dose may be needed, new order boost for manufacturers, govt trumpets subsidised Amazon deal
16th Apr 21, 3:58pm
by Gareth Vaughan
21
A review of things you need to know before you go home on Friday: Third Pfizer/BioNTech vaccine dose may be needed, new order boost for manufacturers, govt trumpets subsidised Amazon deal
Top 5: Inflation worries, Prebble & QE, a 'clearly hopeless' appeal against a bank & more
Gareth Vaughan on inflation worries, why Richard Prebble can blame himself for QE, curious court cases as borrowers take on their bank, Brexit & red tape, the big US chance for climate change action
16th Apr 21, 9:27am
by Gareth Vaughan
66
Gareth Vaughan on inflation worries, why Richard Prebble can blame himself for QE, curious court cases as borrowers take on their bank, Brexit & red tape, the big US chance for climate change action
What happened Thursday
A review of things you need to know before you go home on Thursday: House prices in the stratosphere as S&P sees an orderly unwinding, ASB restates capital ratios, Westpac's windfall & more
15th Apr 21, 4:00pm
by Gareth Vaughan
33
A review of things you need to know before you go home on Thursday: House prices in the stratosphere as S&P sees an orderly unwinding, ASB restates capital ratios, Westpac's windfall & more
Release of FATF's review of NZ anti-money laundering efforts close
Major international evaluation of New Zealand's efforts to combat money laundering and counter the financing of terrorism due out soon
15th Apr 21, 10:38am
by Gareth Vaughan
Major international evaluation of New Zealand's efforts to combat money laundering and counter the financing of terrorism due out soon
What happened Wednesday
A review of things you need to know before you go home on Wednesday: RBNZ holds the line, get in quick for Kiwibank's term deposit rate increase, FMA spotlight on fees
14th Apr 21, 4:00pm
by Gareth Vaughan
36
A review of things you need to know before you go home on Wednesday: RBNZ holds the line, get in quick for Kiwibank's term deposit rate increase, FMA spotlight on fees
New RBNZ enforcement department headed by ex-APRA litigator
RBNZ unveils a new enforcement department and says it wants to 'transform into a flexible and proactive regulator'
14th Apr 21, 9:47am
by Gareth Vaughan
RBNZ unveils a new enforcement department and says it wants to 'transform into a flexible and proactive regulator'
What happened Tuesday
A review of things you need to know before you go home on Tuesday: Govt claims world first, firms finding it easier to hike prices, new RBNZ department & more
13th Apr 21, 3:57pm
by Gareth Vaughan
22
A review of things you need to know before you go home on Tuesday: Govt claims world first, firms finding it easier to hike prices, new RBNZ department & more
Fitch revises big bank ratings to stable from negative, except Westpac NZ
Credit rating agency Fitch revises big Australasian banks' credit ratings to stable from negative except for on-the-block Westpac NZ
13th Apr 21, 8:34am
by Gareth Vaughan
2
Credit rating agency Fitch revises big Australasian banks' credit ratings to stable from negative except for on-the-block Westpac NZ
What happened Monday
A review of things you need to know before you go home on Monday: Change in the ANZ NZ hierarchy, Synlait CEO goes, S&P see uncertainties for local government
12th Apr 21, 4:00pm
by Gareth Vaughan
22
A review of things you need to know before you go home on Monday: Change in the ANZ NZ hierarchy, Synlait CEO goes, S&P see uncertainties for local government
Commerce & Consumer Affairs Minister David Clark unperturbed by Vivier situation
Commerce & Consumer Affairs Minister David Clark happy to leave serious allegations about NZ company Vivier, stretching over years, to MBIE's complaints process
12th Apr 21, 2:27pm
by Gareth Vaughan
5
Commerce & Consumer Affairs Minister David Clark happy to leave serious allegations about NZ company Vivier, stretching over years, to MBIE's complaints process
RBNZ plans AML/CFT guidance for banks to avoid blanket de-risking of remittance providers
Reserve Bank reiterates request banks don't impose blanket ban on money remittance providers, says it's working with stakeholders on guidance
11th Apr 21, 7:00am
by Gareth Vaughan
6
Reserve Bank reiterates request banks don't impose blanket ban on money remittance providers, says it's working with stakeholders on guidance
Mortgage deferrals: How are individual banks placed as the scheme ends?
The country's key home lenders detail where they're at with COVID-19 related mortgage deferrals as the year long scheme comes to an end
8th Apr 21, 10:14am
by Gareth Vaughan
14
The country's key home lenders detail where they're at with COVID-19 related mortgage deferrals as the year long scheme comes to an end
CBDCs 'a technologically advanced representation of central bank money'
Bank for International Settlements argues development of central bank digital currencies is a global effort of collaboration rather than competition
8th Apr 21, 9:21am
by Gareth Vaughan
Bank for International Settlements argues development of central bank digital currencies is a global effort of collaboration rather than competition
Why is Westpac NZ on the block and who might want to buy it?
With Westpac reviewing its ownership of Westpac NZ, Gareth Vaughan ponders the questions of why anyone might sell an oligopoly bank, and who might want to buy an oligopoly bank
5th Apr 21, 6:31am
by Gareth Vaughan
37
With Westpac reviewing its ownership of Westpac NZ, Gareth Vaughan ponders the questions of why anyone might sell an oligopoly bank, and who might want to buy an oligopoly bank
Vivier, a NZ foreign trust, the missing $4 mln and NZ's regulators
NZ's Vivier & Company, allegedly run by a convicted British fraudster, is accused by a NZ foreign trust of failing to provide insurance and pay interest on $4m of deposits. So what was the point of the FMA's action against Vivier 5 years ago?
1st Apr 21, 12:03pm
by Gareth Vaughan
5
NZ's Vivier & Company, allegedly run by a convicted British fraudster, is accused by a NZ foreign trust of failing to provide insurance and pay interest on $4m of deposits. So what was the point of the FMA's action against Vivier 5 years ago?
Kiwibank taps the RBNZ's FLP for another $100 million
Kiwibank becomes the first bank to access the Reserve Bank's Funding for Lending Programme for a second time
31st Mar 21, 4:00pm
by Gareth Vaughan
2
Kiwibank becomes the first bank to access the Reserve Bank's Funding for Lending Programme for a second time