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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

Flip! Here comes cheap bank funding
Reserve Bank provides details of its Funding for Lending Programme, which will launch next Monday, December 7 offering banks cheap, three-year funding
1st Dec 20, 2:50pm
by Gareth Vaughan
95
Reserve Bank provides details of its Funding for Lending Programme, which will launch next Monday, December 7 offering banks cheap, three-year funding
APRA takes action against Westpac over liquidity shortcomings, including relating to Westpac NZ
Australian Prudential Regulation Authority moves against 'material breaches of prudential liquidity standards' by Westpac, including in relation to Westpac NZ
1st Dec 20, 1:49pm
by Gareth Vaughan
13
Australian Prudential Regulation Authority moves against 'material breaches of prudential liquidity standards' by Westpac, including in relation to Westpac NZ
Heartland Group floats idea of separating Marac vehicle finance unit out as stand-alone subsidiary
Heartland Group Holdings' project aiming to 'optimise value within the Group' mulls idea of pulling vehicle financing arm out of Heartland Bank as stand-alone subsidiary
1st Dec 20, 9:30am
by Gareth Vaughan
1
Heartland Group Holdings' project aiming to 'optimise value within the Group' mulls idea of pulling vehicle financing arm out of Heartland Bank as stand-alone subsidiary
ASB delivers strong September quarter as home lending surges
Big five New Zealand banks fill their boots on home loans during September quarter as COVID-19 sends profits south
27th Nov 20, 10:01am
by Gareth Vaughan
5
Big five New Zealand banks fill their boots on home loans during September quarter as COVID-19 sends profits south
RBNZ misread the tea leaves, added too much stimulus & is sending property to the moon, Citi says
Australian-based Citi Research banking analysts highlight 'messy' situation in New Zealand suggesting what appears to be a particularly aggressive RBNZ monetary policy approach has ignited the housing market
25th Nov 20, 9:13am
by Gareth Vaughan
9
Australian-based Citi Research banking analysts highlight 'messy' situation in New Zealand suggesting what appears to be a particularly aggressive RBNZ monetary policy approach has ignited the housing market
BNZ to reinstate LVR restrictions on home lending from December 7
BNZ says it will reintroduce loan-to-value ratio restrictions on low deposit home loans from December 7 as Reserve Bank moves to formally restore them
24th Nov 20, 4:23pm
by Gareth Vaughan
17
BNZ says it will reintroduce loan-to-value ratio restrictions on low deposit home loans from December 7 as Reserve Bank moves to formally restore them
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
8
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
49
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
1
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
15
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
42
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
2
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
18
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
131
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
41
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
3
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
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
95
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
42
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
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
2
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
9
Annual profit falls $260 million at BNZ as COVID-19 makes its impact felt, income falls and expenses rise