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 10 months

Latest articles

Small Business Minister says merchant service fee regulation coming so retailers & consumers 'get a fair go'

Government outlines wide ranging merchant service fee regulation proposals including 'hard caps' on interchange fees

10th Dec 20, 12:08pm

by Gareth Vaughan

Government outlines wide ranging merchant service fee regulation proposals including 'hard caps' on interchange fees

Do we still need banks?

Macquarie analysts argue commercial banks and fintech will exist solely at the grace of central banks and their earnings will be determined by them

10th Dec 20, 6:11am

by Gareth Vaughan

Macquarie analysts argue commercial banks and fintech will exist solely at the grace of central banks and their earnings will be determined by them

UDC annual profit falls 10%, ANZ pockets final dividend

UDC Finance posts 10% drop in annual profit as sale to Japan's Shinsei Bank from ANZ goes through

9th Dec 20, 10:13am

by Gareth Vaughan

UDC Finance posts 10% drop in annual profit as sale to Japan's Shinsei Bank from ANZ goes through

How I ended up being cross examined by a defendant representing himself

Gareth Vaughan charts his journey as a witness in a Financial Markets Authority court case against a New Zealand registered company and its NZ resident director

9th Dec 20, 5:00am

by Gareth Vaughan

Gareth Vaughan charts his journey as a witness in a Financial Markets Authority court case against a New Zealand registered company and its NZ resident director

Top 5+1: QE vs monetary financing, COVID-19 housing opportunities & more

Gareth Vaughan on QE vs monetary financing, COVID-19 housing opportunities, crowdsourcing low interest rate advice, how a computer language controls the financial life of the world, strangled by conservative credentialism & Project Helvetia

7th Dec 20, 10:19am

by Gareth Vaughan

'Mortgage demand remains the strongest'

Credit bureau Equifax says 96% of all accounts previously in mortgage deferral are now up to date

4th Dec 20, 9:44am

by Gareth Vaughan

Credit bureau Equifax says 96% of all accounts previously in mortgage deferral are now up to date

RBNZ to research the impact of loose monetary policy on wealth & income inequality

RBNZ Governor Adrian Orr says the impact of monetary policy decisions on wealth & income equality is an important topic for considering economic wellbeing, but it's not clear if lower interest rates increase or decrease income & wealth inequality

3rd Dec 20, 6:34am

by Gareth Vaughan

BNZ cops Commerce Commission warning

Commerce Commission warns BNZ after deciding issues the bank self reported 'likely breached' responsible lending and disclosure obligations under the Credit Contracts and Consumer Finance Act

2nd Dec 20, 9:24am

by Gareth Vaughan

Commerce Commission warns BNZ after deciding issues the bank self reported 'likely breached' responsible lending and disclosure obligations under the Credit Contracts and Consumer Finance Act

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

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

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

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

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

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

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

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

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

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