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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

Is BNZ's parent NAB next on AUSTRAC's bank hit list?
Morgan Stanley analysts factor in chunky potential AUSTRAC penalty for BNZ's parent NAB, also see big capital raise and dividend cut under new CEO Ross McEwan
11th Dec 19, 7:32am
by Gareth Vaughan
Morgan Stanley analysts factor in chunky potential AUSTRAC penalty for BNZ's parent NAB, also see big capital raise and dividend cut under new CEO Ross McEwan
RBNZ to consult on new AT1 capital instruments in first half of 2020
Following final decisions in bank regulatory capital review, RBNZ to consult on redeemable perpetual preference shares and the Tier 2 capital instruments in the first half of 2020
10th Dec 19, 7:44am
by Gareth Vaughan
Following final decisions in bank regulatory capital review, RBNZ to consult on redeemable perpetual preference shares and the Tier 2 capital instruments in the first half of 2020
Final RBNZ bank capital decisions a pragmatic compromise
Gareth Vaughan says should the proverbial hit the fan, the public, the regulator and the regulated banks will probably all be glad the RBNZ is increasing banks' regulatory capital requirements
9th Dec 19, 4:00pm
by Gareth Vaughan
7
Gareth Vaughan says should the proverbial hit the fan, the public, the regulator and the regulated banks will probably all be glad the RBNZ is increasing banks' regulatory capital requirements
Boosting competition a 'positive externality' of RBNZ capital review
Governor Adrian Orr tells interest.co.nz the RBNZ's capital increases should make the banking sector more competitive
6th Dec 19, 11:01am
by Gareth Vaughan
19
Governor Adrian Orr tells interest.co.nz the RBNZ's capital increases should make the banking sector more competitive
Big banks, credit rating agencies weigh in on RBNZ capital decisions
ANZ Banking Group CEO says parent of New Zealand's biggest bank confident of meeting higher capital requirements without the need to raise additional capital
6th Dec 19, 7:55am
by Gareth Vaughan
11
ANZ Banking Group CEO says parent of New Zealand's biggest bank confident of meeting higher capital requirements without the need to raise additional capital
TSB moves to tidy up AML programme and capital calculations
TSB acts to fix areas of its AML/CFT programme 'requiring improvement' and increases minimum capital requirement after regulatory capital errors came to light
5th Dec 19, 4:47pm
by Gareth Vaughan
TSB acts to fix areas of its AML/CFT programme 'requiring improvement' and increases minimum capital requirement after regulatory capital errors came to light
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