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 8 months

Latest articles

Faafoi waves stick of royal commission in otherwise conciliatory speech

Commerce and Consumer Affairs Minister Kris Faafoi says he doesn't want to call a financial services royal commission but improvements to conduct and culture are needed

30th Sep 19, 8:41am

by Gareth Vaughan

Commerce and Consumer Affairs Minister Kris Faafoi says he doesn't want to call a financial services royal commission but improvements to conduct and culture are needed

Is there a viable P2P lending model in NZ under existing regulations?

Competitors and regulators weigh in on Harmoney founder Neil Roberts' view that there's no viable peer-to-peer lending model in New Zealand under existing laws

27th Sep 19, 5:00am

by Gareth Vaughan

Competitors and regulators weigh in on Harmoney founder Neil Roberts' view that there's no viable peer-to-peer lending model in New Zealand under existing laws

Conduct regime based on requirement for licensed entities to meet a high-level fair treatment standard

Government's proposed conduct licensing regime for financial service providers features a high-level fair treatment standard across all retail customer related parts of their business

26th Sep 19, 9:38am

by Gareth Vaughan

Government's proposed conduct licensing regime for financial service providers features a high-level fair treatment standard across all retail customer related parts of their business

Harmoney founder says he doesn't see a viable P2P lending model in NZ

Harmoney's Neil Roberts says the P2P lender, which launched in September 2014, has been 'slowly operating a pivot and moving to lending our own money' since 2015

26th Sep 19, 5:00am

by Gareth Vaughan

Harmoney's Neil Roberts says the P2P lender, which launched in September 2014, has been 'slowly operating a pivot and moving to lending our own money' since 2015

Govt to establish conduct licensing regime for banks, insurers & non-bank deposit takers

Government's proposed conduct licensing regime for financial service providers will make them accountable for sales to consumers by contracted intermediaries & ban target-based sales incentives

25th Sep 19, 12:30pm

by Gareth Vaughan

Government's proposed conduct licensing regime for financial service providers will make them accountable for sales to consumers by contracted intermediaries & ban target-based sales incentives

Heartland Bank hires consultant to review regulatory capital and liquidity ratio calculations

Heartland Bank discloses breaches of conditions of bank registration related to regulatory capital and liquidity calculations as RBNZ unveils new regime for banks' breaches of regulatory requirements

25th Sep 19, 9:44am

by Gareth Vaughan

Heartland Bank discloses breaches of conditions of bank registration related to regulatory capital and liquidity calculations as RBNZ unveils new regime for banks' breaches of regulatory requirements

NZ Police make 13 arrests related to alleged phone scam & money laundering

Police make 13 arrests, search for more people, following 'Operation Deadwood' investigation into alleged phone scam and money laundering

24th Sep 19, 3:47pm

by Gareth Vaughan

Police make 13 arrests, search for more people, following 'Operation Deadwood' investigation into alleged phone scam and money laundering

Big growth in NZ dollar and country OTC interest rate derivatives

Bank for International Settlements figures show tens of billions of dollars of growth in New Zealand dollar and country over-the-counter interest rate derivatives over past three years

24th Sep 19, 9:32am

by Gareth Vaughan

Bank for International Settlements figures show tens of billions of dollars of growth in New Zealand dollar and country over-the-counter interest rate derivatives over past three years

Deposit insurance scheme will reduce risk of bank run, S&P suggests

S&P Global Ratings supportive of deposit insurance, has NZ's banking sector alongside Estonia, Iceland, Ireland, Kuwait, Malaysia, Mexico, Poland and Saudi Arabia in its country risk assessment

23rd Sep 19, 9:55am

by Gareth Vaughan

S&P Global Ratings supportive of deposit insurance, has NZ's banking sector alongside Estonia, Iceland, Ireland, Kuwait, Malaysia, Mexico, Poland and Saudi Arabia in its country risk assessment

NZ financial service provider named by SEC in alleged fraudulent international trading scheme

NZ's Blue Isle Markets Ltd named as a defendant in US SEC case alleging tens of millions of dollars in investor losses, some of which was used to fund a luxurious lifestyle for defendants

20th Sep 19, 11:18am

by Gareth Vaughan

NZ's Blue Isle Markets Ltd named as a defendant in US SEC case alleging tens of millions of dollars in investor losses, some of which was used to fund a luxurious lifestyle for defendants

ANZ NZ says unsolicited interest in its rural loans received from more than 10 funds in 6 months

ANZ NZ says it was cold called by more than 10 overseas hedge funds about its rural loan portfolio within 6 months, 3 of 4 other major rural lenders say they haven't been approached

20th Sep 19, 10:09am

by Gareth Vaughan

ANZ NZ says it was cold called by more than 10 overseas hedge funds about its rural loan portfolio within 6 months, 3 of 4 other major rural lenders say they haven't been approached

ANZ NZ reportedly turns down hedge fund offer for its rural portfolio

ANZ NZ approached by hedge funds interested in buying its rural debt portfolio but turned them down, RNZ reports

19th Sep 19, 10:38am

by Gareth Vaughan

ANZ NZ approached by hedge funds interested in buying its rural debt portfolio but turned them down, RNZ reports

A big Aussie elephant in the capital markets room

Gareth Vaughan highlights the limited comments on banking in a report on growing NZ's capital markets, and probes how much healthier the equity market would look if the big 4 banks were listed

18th Sep 19, 12:54pm

by Gareth Vaughan

Gareth Vaughan highlights the limited comments on banking in a report on growing NZ's capital markets, and probes how much healthier the equity market would look if the big 4 banks were listed

Minister Faafoi pledges regime 'where banks & insurers are primarily focused on their customers'

Commerce & Consumer Affairs Minister Kris Faafoi pledges measures to improve financial services sector conduct shortly as regulators bemoan poor life insurer conduct and culture

17th Sep 19, 10:11am

by Gareth Vaughan

Commerce & Consumer Affairs Minister Kris Faafoi pledges measures to improve financial services sector conduct shortly as regulators bemoan poor life insurer conduct and culture

NZBA coy on enthusiasm for legal challenge of RBNZ capital proposals on their merits

Bank lobby group won't comment on the 'hypothetical question' of whether it would welcome the opportunity for the RBNZ's bank capital proposals to be appealed on their merits

17th Sep 19, 7:35am

by Gareth Vaughan

Bank lobby group won't comment on the 'hypothetical question' of whether it would welcome the opportunity for the RBNZ's bank capital proposals to be appealed on their merits

'We’ll let you know of any updates', ANZ NZ says of process to replace David Hisco

ANZ NZ gives nothing away on where its process to find a permanent successor to ex-CEO David Hisco is at as Brits review bank executive regime NZ government is looking at

16th Sep 19, 11:42am

by Gareth Vaughan

ANZ NZ gives nothing away on where its process to find a permanent successor to ex-CEO David Hisco is at as Brits review bank executive regime NZ government is looking at

ANZ's chief economist on 0.25% cash rates and what they'd achieve

ANZ Banking Group chief economist Richard Yetsenga says questions should be asked as to whether central banks' inflation targets remain relevant

14th Sep 19, 9:32am

by Gareth Vaughan

ANZ Banking Group chief economist Richard Yetsenga says questions should be asked as to whether central banks' inflation targets remain relevant

Kiwibank borrows NZ$400m of 5-year money at 2.155% per annum

Kiwibank five-year bond issue brings in $400 million to help fund the bank's lending as chunky bond issues from big New Zealand banks continue

13th Sep 19, 1:26pm

by Gareth Vaughan

Kiwibank five-year bond issue brings in $400 million to help fund the bank's lending as chunky bond issues from big New Zealand banks continue

Big Aussie banks lend more to mortgage borrowers than UK, US & Canadian peers

Macquarie research shows Aussie parents of NZ's big 4 banks prepared to lend more & a bigger percentage of income to mortgage borrowers than UK, US & Canadian banks

12th Sep 19, 9:34am

by Gareth Vaughan

Macquarie research shows Aussie parents of NZ's big 4 banks prepared to lend more & a bigger percentage of income to mortgage borrowers than UK, US & Canadian banks

'Ensuring resilience to climate change risk vital for future stability of financial systems'

Banks whose business models and lending policies fail to adapt to climate change risk could see their creditworthiness deteriorating quickly in case of rapid climate change, S&P says

11th Sep 19, 9:37am

by Gareth Vaughan

Banks whose business models and lending policies fail to adapt to climate change risk could see their creditworthiness deteriorating quickly in case of rapid climate change, S&P says

The RBNZ needs to 'tailor the implementation' of bank capital requirements for ANZ

Citi analysts suggest the outcome of bank capital negotiations between ANZ and the RBNZ 'will be determinative for the sector' with proposed 5-year phase in period needing to be extended

10th Sep 19, 9:29am

by Gareth Vaughan

Citi analysts suggest the outcome of bank capital negotiations between ANZ and the RBNZ 'will be determinative for the sector' with proposed 5-year phase in period needing to be extended

Report on improving capital markets suggests letting KiwiSaver members self-direct & invest with multiple providers

Capital markets review recommends changes to KiwiSaver to help lift the level of kiwis' engagement with & interest in investment so more New Zealanders actively participate to create personal wealth

9th Sep 19, 4:50pm

by Gareth Vaughan

Capital markets review recommends changes to KiwiSaver to help lift the level of kiwis' engagement with & interest in investment so more New Zealanders actively participate to create personal wealth

NZ off the pace as Australia joins international crackdown on binary options & CFDs

As ASIC proposes a major crackdown on the peddling of high risk derivative products to retail investors, Gareth Vaughan looks at where the FMA & NZ Government sit on products compared with gambling

7th Sep 19, 8:51am

by Gareth Vaughan

As ASIC proposes a major crackdown on the peddling of high risk derivative products to retail investors, Gareth Vaughan looks at where the FMA & NZ Government sit on products compared with gambling

This week's Top 5; Brexit, a Japanese cash pile, Xi Jinping & more

Gareth Vaughan on the colourful media coverage of Brexit, the Amazon fires, Japanese companies' huge cash pile, a chilling message from Xi Jinping, and the Panama Papers movie

6th Sep 19, 10:00am

by Gareth Vaughan

Gareth Vaughan on the colourful media coverage of Brexit, the Amazon fires, Japanese companies' huge cash pile, a chilling message from Xi Jinping, and the Panama Papers movie

ANZ economists make dramatic change to their OCR forecasts

ANZ chief economist Sharon Zollner predicts an OCR of just 0.25% by May next year, arguing it's 'pretty much one-way traffic out there'

6th Sep 19, 9:53am

by Gareth Vaughan

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ANZ chief economist Sharon Zollner predicts an OCR of just 0.25% by May next year, arguing it's 'pretty much one-way traffic out there'