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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 10 months

Latest articles

No rebates for Co-op Bank customers in line with RBNZ halting bank dividends
The Co-operative Bank says it won't be paying customer-members' rebates this year following RBNZ move to halt bank dividends in response to economic fallout from the COVID-19 pandemic
8th Apr 20, 9:58am
by Gareth Vaughan
The Co-operative Bank says it won't be paying customer-members' rebates this year following RBNZ move to halt bank dividends in response to economic fallout from the COVID-19 pandemic
Fitch downgrades big four banks' credit ratings
Fitch downgrades ANZ NZ, ASB, BNZ and Westpac NZ credit ratings by one notch alongside those of their Aussie parents and gives new ratings a negative outlook
8th Apr 20, 7:58am
by Gareth Vaughan
40
Fitch downgrades ANZ NZ, ASB, BNZ and Westpac NZ credit ratings by one notch alongside those of their Aussie parents and gives new ratings a negative outlook
'The scale of borrowers’ needs expected to be unprecedented'
During the COVID-19 pandemic consumer lenders will be acting responsibly when making reasonable decisions based on the best available information in the circumstances, ComCom says
6th Apr 20, 8:42am
by Gareth Vaughan
2
During the COVID-19 pandemic consumer lenders will be acting responsibly when making reasonable decisions based on the best available information in the circumstances, ComCom says
Deposit insurance to come at 'significant cost' to deposit takers
Government consultation paper probes the cost & size of deposit insurance fund needed in move from an 'uncertain implicit guarantee' to a 'managed explicit guarantee'
5th Apr 20, 6:02am
by Gareth Vaughan
87
Government consultation paper probes the cost & size of deposit insurance fund needed in move from an 'uncertain implicit guarantee' to a 'managed explicit guarantee'
COVID-19 lockdown Top 5 weekend special
Gareth Vaughan on the COVID-Anosmia Initiative, the non-politicians leading NZ's fight against COVID-19, Abenomasks, a new use for Indian railway carriages & a potential vaccine
4th Apr 20, 9:52am
by Gareth Vaughan
23
Gareth Vaughan on the COVID-Anosmia Initiative, the non-politicians leading NZ's fight against COVID-19, Abenomasks, a new use for Indian railway carriages & a potential vaccine
Govt's bank deposit insurance scheme not scheduled to take full effect until 2023
Much still to be finalised in government's development of a deposit insurance scheme, with proposal of products it will cover detailed in consultation paper
3rd Apr 20, 5:00am
by Gareth Vaughan
55
Much still to be finalised in government's development of a deposit insurance scheme, with proposal of products it will cover detailed in consultation paper
FE Investments placed in receivership
Finance company FE Investments in receivership with KordaMentha appointed receiver, problems began well before COVID-19
2nd Apr 20, 3:28pm
by Gareth Vaughan
32
Finance company FE Investments in receivership with KordaMentha appointed receiver, problems began well before COVID-19
COVID-19 lockdown Top 5 special
Gareth Vaughan on Dr Doom's coronavirus conference calls, bailing out the bailout, the Epidemic Response Committee gets down to business, Andorra's police go above and beyond, plus Africa & COVID-19
1st Apr 20, 11:54am
by Gareth Vaughan
15
Gareth Vaughan on Dr Doom's coronavirus conference calls, bailing out the bailout, the Epidemic Response Committee gets down to business, Andorra's police go above and beyond, plus Africa & COVID-19
Rabobank NZ makes RBNZ-enforced director changes
Rabobank NZ says ex-Fonterra boss Henry van der Heyden is standing down as its chairman 'due to regulatory changes', succeeded by Andy Borland
1st Apr 20, 9:34am
by Gareth Vaughan
Rabobank NZ says ex-Fonterra boss Henry van der Heyden is standing down as its chairman 'due to regulatory changes', succeeded by Andy Borland
Major NZ banks can absorb higher credit losses without risking their creditworthiness, S&P says
S&P Global Ratings says NZ's big four banks have substantial headroom as they buckle in for a COVID-19 driven increase in bad debts
1st Apr 20, 8:35am
by Gareth Vaughan
12
S&P Global Ratings says NZ's big four banks have substantial headroom as they buckle in for a COVID-19 driven increase in bad debts
ComCom preparing guidance on COVID-19 mortgage repayment deferrals
Commerce Commission looking at COVID-19 'mortgage holidays' through CCCFA lens, what RBNZ capital concession means & what about non-bank deposit takers?
31st Mar 20, 2:01pm
by Gareth Vaughan
6
Commerce Commission looking at COVID-19 'mortgage holidays' through CCCFA lens, what RBNZ capital concession means & what about non-bank deposit takers?
COVID-19 lockdown Top 5 special
Gareth Vaughan on the long-run economic consequences of pandemics, how the South Koreans & Germans are dealing with COVID-19, picking the bottom & don't try this at home
31st Mar 20, 11:41am
by Gareth Vaughan
13
Gareth Vaughan on the long-run economic consequences of pandemics, how the South Koreans & Germans are dealing with COVID-19, picking the bottom & don't try this at home
COVID-19 lockdown Top 5 weekend special
Gareth Vaughan on stress testing COVID-19, panic buying, Trump's Vietnam, the Fed's balance sheet topping US$5 trillion and the Coronavirus Rhapsody
28th Mar 20, 12:32pm
by Gareth Vaughan
64
Gareth Vaughan on stress testing COVID-19, panic buying, Trump's Vietnam, the Fed's balance sheet topping US$5 trillion and the Coronavirus Rhapsody
Visa, Mastercard, banks and NZ's retail payment systems, Part 3
In the third part of a series on NZ's retail payment systems, Gareth Vaughan looks at the complications of interchange & merchant service fees and finds a government minister still waving a regulatory stick
28th Mar 20, 10:32am
by Gareth Vaughan
5
In the third part of a series on NZ's retail payment systems, Gareth Vaughan looks at the complications of interchange & merchant service fees and finds a government minister still waving a regulatory stick
ANZ cuts credit card, personal loan & overdraft interest rates
ANZ NZ cutting credit card, personal loan and overdraft interest rates from April 1, although some will rise almost all the way back to where they are now in July
27th Mar 20, 2:17pm
by Gareth Vaughan
15
ANZ NZ cutting credit card, personal loan and overdraft interest rates from April 1, although some will rise almost all the way back to where they are now in July
COVID-19 lock-down Top 5 special, part 2
Gareth Vaughan on Spain 10 days into lock-down, Sydneysiders' cocktails, shopaholics, Steve Keen's coronabonds and China's COVID-19 battle
25th Mar 20, 3:04pm
by Gareth Vaughan
3
Gareth Vaughan on Spain 10 days into lock-down, Sydneysiders' cocktails, shopaholics, Steve Keen's coronabonds and China's COVID-19 battle
New Zealand banks are now an extension of a socialist state
Gareth Vaughan looks at the strenuous efforts authorities are making to keep the debt/credit taps on, concluding the banking industry 'normal' may not be the same the other side of COVID-19
25th Mar 20, 10:38am
by Gareth Vaughan
119
Gareth Vaughan looks at the strenuous efforts authorities are making to keep the debt/credit taps on, concluding the banking industry 'normal' may not be the same the other side of COVID-19
Welcome to our COVID-19 lock-down Top 5
Gareth Vaughan on the Imperial College London paper, what the PM's chief science advisor says, angry Italian mayors, the EU's battle for relevancy and Hong Kong's second wave
24th Mar 20, 2:04pm
by Gareth Vaughan
27
Gareth Vaughan on the Imperial College London paper, what the PM's chief science advisor says, angry Italian mayors, the EU's battle for relevancy and Hong Kong's second wave
Visa, Mastercard, banks and NZ's retail payment systems, Part 2
In the second part of a series on NZ's retail payment systems, Gareth Vaughan looks at how New Zealand's regulatory oversight of retail payments is behind where Australia was at in 2001
22nd Mar 20, 8:40am
by Gareth Vaughan
1
In the second part of a series on NZ's retail payment systems, Gareth Vaughan looks at how New Zealand's regulatory oversight of retail payments is behind where Australia was at in 2001
Visa, Mastercard, banks and NZ's retail payment systems, Part 1
In the first part of a series on NZ's retail payment systems, Gareth Vaughan details the scale of key players Visa & Mastercard, looks at how & why they pay a miniscule amount of tax & how interchange works
21st Mar 20, 10:00am
by Gareth Vaughan
6
In the first part of a series on NZ's retail payment systems, Gareth Vaughan details the scale of key players Visa & Mastercard, looks at how & why they pay a miniscule amount of tax & how interchange works
Banks take $200 mln in first RBNZ auction to support liquidity
RBNZ takes steps to shore-up NZ financial markets, on top of Monday's OCR cut, as coronavirus crisis escalates. Bank economists anticipate RBNZ's next move will be buying Government bonds, or QE
20th Mar 20, 1:22pm
by Gareth Vaughan
41
RBNZ takes steps to shore-up NZ financial markets, on top of Monday's OCR cut, as coronavirus crisis escalates. Bank economists anticipate RBNZ's next move will be buying Government bonds, or QE
NZ Super Fund sheds 20% of value as coronavirus chaos sweeps financial markets
NZ Super Fund has lost $8.90 bln so far in 2020 and CEO warns it could get worse but reiterates the Fund is a long-term investor with no substantial withdrawals scheduled until the 2050s
20th Mar 20, 11:08am
by Gareth Vaughan
44
NZ Super Fund has lost $8.90 bln so far in 2020 and CEO warns it could get worse but reiterates the Fund is a long-term investor with no substantial withdrawals scheduled until the 2050s
RBA cuts cash rate, will buy govt securities & support bank lending
Reserve Bank of Australia cuts its cash rate, says it's prepared to buy federal government and state government securities, and is establishing a facility to offer three-year funding to ADIs
19th Mar 20, 4:47pm
by Gareth Vaughan
9
Reserve Bank of Australia cuts its cash rate, says it's prepared to buy federal government and state government securities, and is establishing a facility to offer three-year funding to ADIs
'Cash and other payments systems ready for COVID-19'
RBNZ says there's enough cash to 'meet demand under any circumstances' while banks and electronic payments systems are 'prepared, resilient, and will keep operating'
19th Mar 20, 3:50pm
by Gareth Vaughan
9
RBNZ says there's enough cash to 'meet demand under any circumstances' while banks and electronic payments systems are 'prepared, resilient, and will keep operating'
Heartland reiterates annual profit forecast
Heartland Group Holdings says home loan offering well received, sees overall lending growth continuing and is comfortable with its capital, liquidity and deposit reinvestment levels
18th Mar 20, 9:53am
by Gareth Vaughan
Heartland Group Holdings says home loan offering well received, sees overall lending growth continuing and is comfortable with its capital, liquidity and deposit reinvestment levels