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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 3 months

Latest articles

RBNZ cedes a little ground on bank capital requirements
Final decisions in RBNZ capital review still require $20b increase for banks but composition of capital is softened and banks get 7 years instead of 5 to adapt
5th Dec 19, 12:00pm
by Gareth Vaughan
34
Final decisions in RBNZ capital review still require $20b increase for banks but composition of capital is softened and banks get 7 years instead of 5 to adapt
Australian mortgage growth slowing to a crawl
Morgan Stanley analysts pick already weak mortgage lending growth from the Aussie parents of New Zealand's big four banks to weaken further
4th Dec 19, 9:15am
by Gareth Vaughan
6
Morgan Stanley analysts pick already weak mortgage lending growth from the Aussie parents of New Zealand's big four banks to weaken further
Trusts among 'extremely attractive structures for money launderers & terrorism financiers'
NZ Police anti-money laundering assessment cites trusts among attractive money laundering vehicles as government plans to exclude them from strengthened beneficial ownership disclosure regime
4th Dec 19, 5:00am
by Gareth Vaughan
44
NZ Police anti-money laundering assessment cites trusts among attractive money laundering vehicles as government plans to exclude them from strengthened beneficial ownership disclosure regime
A recap of six key changes proposed by the RBNZ in its bank capital review
Gareth Vaughan details six key changes proposed by the RBNZ in its bank capital review ahead of the release of the final decisions in its broadest ever review of bank regulatory capital requirements on Thursday
3rd Dec 19, 5:00am
by Gareth Vaughan
10
Gareth Vaughan details six key changes proposed by the RBNZ in its bank capital review ahead of the release of the final decisions in its broadest ever review of bank regulatory capital requirements on Thursday
Financial markets regulators detail seven priorities for the year ahead
Council of Financial Regulators says climate change, financial inclusion and consumer engagement, residential property insurance, plus conduct and governance are on its agenda
29th Nov 19, 4:13pm
by Gareth Vaughan
Council of Financial Regulators says climate change, financial inclusion and consumer engagement, residential property insurance, plus conduct and governance are on its agenda
Analysts suggest Westpac faces fine of up to A$3b in Austrac AML case
Morgan Stanley analysts say Westpac may be required to raise capital if Austrac 'bear case' scenario plays out, whilst UBS labels Aussie banks 'global laggards in addressing AML & compliance issues'
29th Nov 19, 7:40am
by Gareth Vaughan
6
Morgan Stanley analysts say Westpac may be required to raise capital if Austrac 'bear case' scenario plays out, whilst UBS labels Aussie banks 'global laggards in addressing AML & compliance issues'
The RBNZ's Financial Stability Report highlights an increasingly proactive regulator
Gareth Vaughan says the RBNZ's latest Financial Stability Report highlights for banks, insurers and non-bank deposit takers that their regulator will be sticking its nose into their business more often and in more ways than in the past.
29th Nov 19, 5:00am
by Gareth Vaughan
13
Gareth Vaughan says the RBNZ's latest Financial Stability Report highlights for banks, insurers and non-bank deposit takers that their regulator will be sticking its nose into their business more often and in more ways than in the past.
RBNZ estimates cyber-attacks could cost $2 billion, or 35% of bank profits
The RBNZ changes its tune, says it will consult on the development of risk management guidance for cyber-risk having previously decided on a hands-off approach to the oversight of cyber-security
28th Nov 19, 7:38am
by Gareth Vaughan
The RBNZ changes its tune, says it will consult on the development of risk management guidance for cyber-risk having previously decided on a hands-off approach to the oversight of cyber-security
RBNZ says overall impact of low interest rates on bank profits is neutral
Against the backdrop of its record low OCR, the RBNZ suggests the impact on bank profitability of very low interest rates will be neutral and notes countries with negative interest rates have not experienced significant falls in bank profits
28th Nov 19, 7:37am
by Gareth Vaughan
2
Against the backdrop of its record low OCR, the RBNZ suggests the impact on bank profitability of very low interest rates will be neutral and notes countries with negative interest rates have not experienced significant falls in bank profits
Big banks' profits & net interest margins down, cost-to-income ratios up
Times got tougher for the big banks in the September quarter, although their combined profit still topped $1 billion
27th Nov 19, 9:58am
by Gareth Vaughan
3
Times got tougher for the big banks in the September quarter, although their combined profit still topped $1 billion
The FSPR, the FMA, MBIE & a conundrum for NZ's international reputation
Gareth Vaughan details the curious situation of companies kicked off NZ's Financial Service Providers' Register effectively because they're deemed to be bringing NZ's reputation into disrepute overseas, being allowed to remain as registered NZ companies
26th Nov 19, 8:00am
by Gareth Vaughan
6
Gareth Vaughan details the curious situation of companies kicked off NZ's Financial Service Providers' Register effectively because they're deemed to be bringing NZ's reputation into disrepute overseas, being allowed to remain as registered NZ companies
Credit Union Baywide acquires struggling industry association Co-op Money NZ
Credit Union Baywide acquires Co-op Money NZ saying the industry association for member owned credit unions will continue providing its services to credit unions and non-credit unions
22nd Nov 19, 9:48am
by Gareth Vaughan
5
Credit Union Baywide acquires Co-op Money NZ saying the industry association for member owned credit unions will continue providing its services to credit unions and non-credit unions
FATF mutual evaluation of New Zealand remains scheduled for 2020
International evaluation of New Zealand's efforts to combat money laundering and counter the financing of terrorism to take place in 2020 despite delay in evaluation of Australia's progress
21st Nov 19, 10:14am
by Gareth Vaughan
International evaluation of New Zealand's efforts to combat money laundering and counter the financing of terrorism to take place in 2020 despite delay in evaluation of Australia's progress
Kiwi CBA executive Daniel Huggins shifting to BNZ
BNZ poaches CBA executive general manager of home buying Daniel Huggins, who will join the NZ bank as executive general manager for customers, products and services
21st Nov 19, 9:33am
by Gareth Vaughan
BNZ poaches CBA executive general manager of home buying Daniel Huggins, who will join the NZ bank as executive general manager for customers, products and services
FMA issues warning about company keen to associate itself with Phil Goff
Auckland Mayor Phil Goff denies claim by GC Group, which the FMA says has the potential to mislead investors, that it was the exclusive title sponsor for a campaign fundraising event during his re-election campaign
21st Nov 19, 6:18am
by Gareth Vaughan
4
Auckland Mayor Phil Goff denies claim by GC Group, which the FMA says has the potential to mislead investors, that it was the exclusive title sponsor for a campaign fundraising event during his re-election campaign
RBNZ watching Aussie AML case for any relevance to Westpac NZ
Australian anti-money laundering regulator alleges more than 23 million contraventions of the law by Westpac Banking Corporation with the RBNZ 'looking closely' for any relevance to Westpac NZ
20th Nov 19, 2:04pm
by Gareth Vaughan
35
Australian anti-money laundering regulator alleges more than 23 million contraventions of the law by Westpac Banking Corporation with the RBNZ 'looking closely' for any relevance to Westpac NZ
RBNZ imposes $250 mln regulatory capital increase on BNZ
RBNZ increases its supervisory monitoring of BNZ and applies a 'precautionary' $250 mln increase to its regulatory capital requirements following the identification of weaknesses in BNZ’s capital calculation processes
19th Nov 19, 3:47pm
by Gareth Vaughan
14
RBNZ increases its supervisory monitoring of BNZ and applies a 'precautionary' $250 mln increase to its regulatory capital requirements following the identification of weaknesses in BNZ’s capital calculation processes
FMA issues warning about AG Markets after interest.co.nz tip-off
FMA says investors may be misled about the extent to which AG Markets is regulated under New Zealand law after interest.co.nz highlights claims on the ex-NZ registered financial service provider's website
19th Nov 19, 12:22pm
by Gareth Vaughan
1
FMA says investors may be misled about the extent to which AG Markets is regulated under New Zealand law after interest.co.nz highlights claims on the ex-NZ registered financial service provider's website
Adrian Orr says RBNZ will soon publish the principles behind its thinking on unconventional monetary policy tools
RBNZ Governor Adrian Orr says more detail on unconventional monetary policy thinking coming soon, but we are not in a recession as he highlights the RBNZ's 'ability to use different levers in concert with each other' including the OCR, LVRs & bank capital
15th Nov 19, 1:23pm
by Gareth Vaughan
17
RBNZ Governor Adrian Orr says more detail on unconventional monetary policy thinking coming soon, but we are not in a recession as he highlights the RBNZ's 'ability to use different levers in concert with each other' including the OCR, LVRs & bank capital
BNZ the strongest performer among the big 4 in second-half financial results
UBS number crunching shows BNZ delivered the strongest lending, deposit and revenue growth of the big four banks during the second half of their respective financial years
15th Nov 19, 9:25am
by Gareth Vaughan
UBS number crunching shows BNZ delivered the strongest lending, deposit and revenue growth of the big four banks during the second half of their respective financial years
BNZ the strongest performer among the big 4 in second-half financial results
UBS number crunching shows BNZ delivered the strongest lending, deposit and revenue growth of the big four banks during the second half of their respective financial years
15th Nov 19, 9:25am
by Gareth Vaughan
1
UBS number crunching shows BNZ delivered the strongest lending, deposit and revenue growth of the big four banks during the second half of their respective financial years
Cash rich ASB parent seen making big share buyback
ASB's parent Commonwealth Bank of Australia tipped to splash out up to A$3 billion on share buybacks despite expected increased New Zealand capital requirements
14th Nov 19, 7:38am
by Gareth Vaughan
8
ASB's parent Commonwealth Bank of Australia tipped to splash out up to A$3 billion on share buybacks despite expected increased New Zealand capital requirements
12 key charts from the World Bank's Global Financial Development Report
Global Financial Development Report from World Bank Group looks at bank regulation and supervision a decade after the Global Financial Crisis
13th Nov 19, 10:36am
by Gareth Vaughan
Global Financial Development Report from World Bank Group looks at bank regulation and supervision a decade after the Global Financial Crisis
Heartland launches unsecured online SME lending in Australia, seeks to boost RoE
CEO Jeff Greenslade says Heartland Group has launched its 'O4B' unsecured online small business lending service in Australia as it strives to improve return on equity
12th Nov 19, 10:42am
by Gareth Vaughan
1
CEO Jeff Greenslade says Heartland Group has launched its 'O4B' unsecured online small business lending service in Australia as it strives to improve return on equity
Aussie buy now, pay later service provider Payright enters NZ market
Payright, another buy now, pay later service provider, is up and running covering purchases of up to $20,000 for terms of up to 36 months
12th Nov 19, 9:46am
by Gareth Vaughan
2
Payright, another buy now, pay later service provider, is up and running covering purchases of up to $20,000 for terms of up to 36 months