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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 8 months

Latest articles

'If someone comes to me with a good deposit and wants to buy themselves a home, I'm not going to turn them away'
ANZ NZ CEO Antonia Watson says growth of housing lending as a percentage of the bank's overall lending isn't a problem, but she'd like to see more borrowing for business investment
7th May 21, 9:30am
by Gareth Vaughan
43
ANZ NZ CEO Antonia Watson says growth of housing lending as a percentage of the bank's overall lending isn't a problem, but she'd like to see more borrowing for business investment
BNZ half-year profit jumps 80% as housing lending surges
BNZ posts big rise in interim profit boosted by a positive turnaround in credit impairments, solid revenue growth and a major drop in expenses
6th May 21, 10:24am
by Gareth Vaughan
6
BNZ posts big rise in interim profit boosted by a positive turnaround in credit impairments, solid revenue growth and a major drop in expenses
ANZ NZ gets 'vote of support' from Aussie parent as interim profit rises
ANZ New Zealand half-year profit rises 18% helped by a turnaround in credit impairment charges and the red hot housing market
5th May 21, 9:59am
by Gareth Vaughan
2
ANZ New Zealand half-year profit rises 18% helped by a turnaround in credit impairment charges and the red hot housing market
AML watchdog says RBNZ should focus more on vulnerabilities identified in its own risk assessment
The Reserve Bank says it will address recommendations from the Financial Action Task Force 'to the extent feasible' within the scope of its government funding agreement
5th May 21, 8:03am
by Gareth Vaughan
The Reserve Bank says it will address recommendations from the Financial Action Task Force 'to the extent feasible' within the scope of its government funding agreement
Westpac's NZ ownership review 'a finely balanced decision'
Outgoing Westpac NZ CEO David McLean sees 'finely balanced' decision on whether the Westpac Banking Corporation maintains ownership of Westpac NZ
4th May 21, 7:30am
by Gareth Vaughan
Outgoing Westpac NZ CEO David McLean sees 'finely balanced' decision on whether the Westpac Banking Corporation maintains ownership of Westpac NZ
CEO of on-the-block Westpac NZ to retire as interim profit bounces back
Westpac NZ CEO David McLean retiring in June with bank executive & ex-politician Simon Power to serve as acting CEO as a search for a permanent successor takes place
3rd May 21, 9:51am
by Gareth Vaughan
4
Westpac NZ CEO David McLean retiring in June with bank executive & ex-politician Simon Power to serve as acting CEO as a search for a permanent successor takes place
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