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

Bank lobby group not buying government's case for a consumer data right

New Zealand Bankers' Association not won over by government's case for a consumer data right, says the public is underwhelmed by open banking

24th Nov 20, 9:23am

by Gareth Vaughan

New Zealand Bankers' Association not won over by government's case for a consumer data right, says the public is underwhelmed by open banking

RBNZ's COVID-19 response tilting the playing field against NBDTs

Gareth Vaughan argues the Reserve Bank's COVID-19 response is tilting the playing field in favour of banks at the expense of non-bank deposit takers

23rd Nov 20, 12:01pm

by Gareth Vaughan

Gareth Vaughan argues the Reserve Bank's COVID-19 response is tilting the playing field in favour of banks at the expense of non-bank deposit takers

BNZ to shut 38 branches saying COVID-19 has 'changed everything'

BNZ to shut 38 branches across New Zealand between December and June next year, says it will help staff 'find new job opportunities at BNZ'

19th Nov 20, 12:53pm

by Gareth Vaughan

BNZ to shut 38 branches across New Zealand between December and June next year, says it will help staff 'find new job opportunities at BNZ'

'Growing competitive pressures' highlighted in review of big Aussie bank reporting season

Macquarie banking analysts put the microscope on financial results from ANZ, CBA, NAB and Westpac, the Aussie parents of NZ's big four banks

19th Nov 20, 11:39am

by Gareth Vaughan

Macquarie banking analysts put the microscope on financial results from ANZ, CBA, NAB and Westpac, the Aussie parents of NZ's big four banks

'Be inherently sceptical of any investment opportunity that seems too good to be true'

Investors warned to beware of a rising volume of scams including phishing scams in dual warnings from the Financial Markets Authority and Department of Internal Affairs

19th Nov 20, 9:56am

by Gareth Vaughan

Investors warned to beware of a rising volume of scams including phishing scams in dual warnings from the Financial Markets Authority and Department of Internal Affairs

'Reflationary fiscal response' possible over next decade

Institute of International Finance says unprecedented increase in global debt means it's not clear how the global economy can deleverage without significant adverse implications for economic activity

19th Nov 20, 9:00am

by Gareth Vaughan

Institute of International Finance says unprecedented increase in global debt means it's not clear how the global economy can deleverage without significant adverse implications for economic activity

RBNZ confirms Redeemable Perpetual Preference Shares will need to be legal-form equity & equity under accounting standards

Reserve Bank issues consultation paper on the details of its implementation plans for the final decisions made in its bank regulatory capital review

18th Nov 20, 9:38am

by Gareth Vaughan

Reserve Bank issues consultation paper on the details of its implementation plans for the final decisions made in its bank regulatory capital review

Call for banks to cut floating lending rates

With the Reserve Bank's Funding for Lending Programme set to offer banks very cheap funding, there's plenty of scope for banks to cut floating mortgage rates, Kiwibank's economists argue

17th Nov 20, 9:00am

by Gareth Vaughan

With the Reserve Bank's Funding for Lending Programme set to offer banks very cheap funding, there's plenty of scope for banks to cut floating mortgage rates, Kiwibank's economists argue

Some Aussie buy now pay later customers going without food to make payments on time

Australian Securities and Investments Commission says about 20% of buy now pay later users cutting back on, or going without, essentials such as food in order to make their payments

17th Nov 20, 8:06am

by Gareth Vaughan

Australian Securities and Investments Commission says about 20% of buy now pay later users cutting back on, or going without, essentials such as food in order to make their payments

The RBNZ, housing and the sort of society New Zealanders want

Gareth Vaughan delves into the Reserve Bank's mandate, economic policy settings, the housing market and the type of society New Zealanders want

15th Nov 20, 6:02am

by Gareth Vaughan

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Gareth Vaughan delves into the Reserve Bank's mandate, economic policy settings, the housing market and the type of society New Zealanders want

Deputy Governor Geoff Bascand says RBNZ doesn't have mandate to direct banks to lend to a particular sector

RBNZ Deputy Governor Geoff Bascand says the prudential regulator can't direct banks to lend funds from its Funding for Lending Programme to a particular sector

13th Nov 20, 10:31am

by Gareth Vaughan

RBNZ Deputy Governor Geoff Bascand says the prudential regulator can't direct banks to lend funds from its Funding for Lending Programme to a particular sector

RBNZ disappoints NZ owned financial institutions

The RBNZ delaying moves to level capital playing field with Aussie owned banks disappoints NZ owned banks, and exclusion from the Funding for Lending Programme disappoints building societies and credit unions

12th Nov 20, 9:40am

by Gareth Vaughan

Westpac NZ selling high net worth financial advisory business to Forsyth Barr

Westpac NZ and Forsyth Barr trumpet the sale of the bank's financial advisory business to Forsyth Barr

11th Nov 20, 2:11pm

by Gareth Vaughan

Westpac NZ and Forsyth Barr trumpet the sale of the bank's financial advisory business to Forsyth Barr

Juniper Research predicts huge surge in unsecured lending via AI platforms

Juniper Research forecasts 1213% jump in unsecured lending through artificial intelligence platforms within five years to more than US$300 billion

11th Nov 20, 9:04am

by Gareth Vaughan

Juniper Research forecasts 1213% jump in unsecured lending through artificial intelligence platforms within five years to more than US$300 billion

COVID-19 vaccine progress 'encouraging', could be available 'in the first part of 2021'

Research, Science and Innovation Minister Megan Woods says Pfizer and BioNTech's COVID-19 vaccine could be delivered to New Zealand as soon as the first quarter of 2021

10th Nov 20, 10:03am

by Gareth Vaughan

Research, Science and Innovation Minister Megan Woods says Pfizer and BioNTech's COVID-19 vaccine could be delivered to New Zealand as soon as the first quarter of 2021

Aussie mortgage borrowing capacity seen increasing by up to 25%

Citi banking analysts see growing optimism in Australia's housing and mortgage markets

10th Nov 20, 9:32am

by Gareth Vaughan

Citi banking analysts see growing optimism in Australia's housing and mortgage markets

A US election Top 5, plus extras

Gareth Vaughan on why 'Mini Mike' should take Trump's debt off Deutsche Bank's hands, what happens if Trump tries to sue his way to victory, US states portrayed by photos, the chaotic unravelling of Jack Ma’s US$35 billion IPO and more

7th Nov 20, 5:54am

by Gareth Vaughan

Funding for lending probably enough, meaning negative rates not needed, BNZ CEO says

BNZ CEO Angela Mentis suggests the Reserve Bank probably won't need to drop the Official Cash Rate below zero if its proposed funding for lending programme works

6th Nov 20, 9:37am

by Gareth Vaughan

BNZ CEO Angela Mentis suggests the Reserve Bank probably won't need to drop the Official Cash Rate below zero if its proposed funding for lending programme works

BNZ annual profit cut by a quarter

Annual profit falls $260 million at BNZ as COVID-19 makes its impact felt, income falls and expenses rise

5th Nov 20, 10:29am

by Gareth Vaughan

Annual profit falls $260 million at BNZ as COVID-19 makes its impact felt, income falls and expenses rise

Payments NZ outlines a 'data rich, safe & secure real-time payment system' for 2030

Discussion paper from Payments NZ details the 'building blocks' for a real-time payments system for the future

4th Nov 20, 9:34am

by Gareth Vaughan

Discussion paper from Payments NZ details the 'building blocks' for a real-time payments system for the future

RBA cuts cash rate to 0.1%, unveils QE & further measures

Reserve Bank of Australia 'committed to doing what it can to support the creation of jobs', cuts cash rate and takes a series of additional steps including plans to buy A$100 billion of government bonds

3rd Nov 20, 4:41pm

by Gareth Vaughan

NZ's 'high quality' hot housing market problem 'a bit of a luxury' right now, Westpac NZ CEO David McLean says

CEO David McLean says Westpac NZ is open for business but has not loosened its LVR lending limits since the Reserve Bank said it could

3rd Nov 20, 12:06pm

by Gareth Vaughan

CEO David McLean says Westpac NZ is open for business but has not loosened its LVR lending limits since the Reserve Bank said it could

ANZ NZ CEO reasonably comfortable with mortgage deferrals situation

CEO Antonia Watson says ANZ NZ's 'in reasonably good shape' in terms of COVID-19 related mortgage deferrals, suggests RBNZ's ban on banks paying dividends could end

2nd Nov 20, 12:26pm

by Gareth Vaughan

CEO Antonia Watson says ANZ NZ's 'in reasonably good shape' in terms of COVID-19 related mortgage deferrals, suggests RBNZ's ban on banks paying dividends could end

Westpac NZ annual profit tumbles as loan impairments surge

Westpac NZ September year profit falls 43% as loan impairment charges surge, income falls and expenses rise

2nd Nov 20, 10:21am

by Gareth Vaughan

Westpac NZ September year profit falls 43% as loan impairment charges surge, income falls and expenses rise

ANZ NZ 'ready and willing' to reimplement high LVR restrictions if required

CEO Antonia Watson says ANZ NZ doesn't currently need the RBNZ's proposed funding for lending programme, but she'd like to see more fiscal stimulus from the Government

30th Oct 20, 9:29am

by Gareth Vaughan

CEO Antonia Watson says ANZ NZ doesn't currently need the RBNZ's proposed funding for lending programme, but she'd like to see more fiscal stimulus from the Government