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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

16 years 3 months

Latest articles

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
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
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
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
Clauses added to consumer credit bill to prohibit the charging of compound interest
Select committee recommends clauses be added to the Credit Contracts Legislation Amendment Bill prohibiting lenders peddling 'high-cost' consumer debt from charging compound interest
12th Nov 19, 9:31am
by Gareth Vaughan
1
Select committee recommends clauses be added to the Credit Contracts Legislation Amendment Bill prohibiting lenders peddling 'high-cost' consumer debt from charging compound interest
RBNZ's final bank capital review decisions out on December 5
The Reserve Bank will release the final decisions in its biggest ever review of banks' regulatory capital requirements on Thursday, December 5
11th Nov 19, 4:00pm
by Gareth Vaughan
6
The Reserve Bank will release the final decisions in its biggest ever review of banks' regulatory capital requirements on Thursday, December 5
New chairman for Kiwibank
Former ASB deputy chairman and experienced company director Jon Hartley set to succeed Susan Macken as Kiwibank chairman
8th Nov 19, 12:42pm
by Gareth Vaughan
21
Former ASB deputy chairman and experienced company director Jon Hartley set to succeed Susan Macken as Kiwibank chairman
BNZ's CFO details expected changes to RBNZ bank capital proposals
BNZ chief financial officer Peter MacGillivray hopeful of a couple of key changes to the RBNZ's proposals to increase banks' regulatory capital requirements when the final decisions are released in early December
8th Nov 19, 7:26am
by Gareth Vaughan
BNZ chief financial officer Peter MacGillivray hopeful of a couple of key changes to the RBNZ's proposals to increase banks' regulatory capital requirements when the final decisions are released in early December
'The obvious question is why such a business would want to have a physical presence in New Zealand at all'
Why a company with one employee in NZ providing foreign exchange services via an online platform licenced by a Bahamas company and operated from a Hong Kong server was unable to overturn an FMA decision to kick it off NZ's FSPR
7th Nov 19, 12:16pm
by Gareth Vaughan
10
Why a company with one employee in NZ providing foreign exchange services via an online platform licenced by a Bahamas company and operated from a Hong Kong server was unable to overturn an FMA decision to kick it off NZ's FSPR
BNZ annual profit slips but holds above $1 billion
BNZ September year profit drops $7 million as expenses increase at more than twice the pace of income and loan impairments rise
7th Nov 19, 10:26am
by Gareth Vaughan
19
BNZ September year profit drops $7 million as expenses increase at more than twice the pace of income and loan impairments rise
'It just feels to me that the whole world hasn't really worked out what the role of monetary policy is in this environment'
Westpac NZ CEO David McLean doubts further OCR cuts would stimulate the economy, doesn't offer an alternative suggestion but argues this is something we should be debating
6th Nov 19, 9:59am
by Gareth Vaughan
29
Westpac NZ CEO David McLean doubts further OCR cuts would stimulate the economy, doesn't offer an alternative suggestion but argues this is something we should be debating
Westpac waiting on final RBNZ capital decisions before doing major work on response
Westpac NZ CEO David McLean says the key question ahead of the final decisions in the RBNZ's bank capital review is how much protection does the New Zealand economy want to have
5th Nov 19, 9:47am
by Gareth Vaughan
3
Westpac NZ CEO David McLean says the key question ahead of the final decisions in the RBNZ's bank capital review is how much protection does the New Zealand economy want to have
Breakfast briefing: Risk on as trade deal hopes & US jobs report boost financial markets
The three major US stock indexes set record intraday highs, India pulls out of the Regional Comprehensive Economic Partnership, Aussie Treasurer Josh Frydenberg eases pressure on RBA
5th Nov 19, 7:24am
by Gareth Vaughan
46
The three major US stock indexes set record intraday highs, India pulls out of the Regional Comprehensive Economic Partnership, Aussie Treasurer Josh Frydenberg eases pressure on RBA
FXBTG Financial loses court appeal over FMA deregistration
FXBTG Financial Limited, the subject of a March interest.co.nz article, fails to have FMA directed removal from NZ's Financial Service Providers' Register overturned in court
4th Nov 19, 11:59am
by Gareth Vaughan
1
FXBTG Financial Limited, the subject of a March interest.co.nz article, fails to have FMA directed removal from NZ's Financial Service Providers' Register overturned in court
Westpac NZ ekes out small annual profit rise as parent unveils capital raise
Westpac New Zealand annual profit up 3% despite expense growth outstripping income growth as loan impairments improve and Paymark sale helps
4th Nov 19, 10:18am
by Gareth Vaughan
Westpac New Zealand annual profit up 3% despite expense growth outstripping income growth as loan impairments improve and Paymark sale helps
Five key takeaways from ANZ NZ's annual financial results day
Gareth Vaughan highlights five key takeaways from ANZ NZ as the country's biggest bank reports its annual results and its top brass speak out
4th Nov 19, 9:56am
by Gareth Vaughan
Gareth Vaughan highlights five key takeaways from ANZ NZ as the country's biggest bank reports its annual results and its top brass speak out
Breakfast briefing: China-US 'Phase 1' deal appears near; RBA expected to hold
China-US 'Phase One' trade deal appears near with RCEP kicked into 2020, RBA expected to hold cash rate at 0.75%, Saudi Arabian oil giant Aramco eyes share market float
4th Nov 19, 7:06am
by Gareth Vaughan
14
China-US 'Phase One' trade deal appears near with RCEP kicked into 2020, RBA expected to hold cash rate at 0.75%, Saudi Arabian oil giant Aramco eyes share market float
ANZ NZ has 'a really privileged position in the market and we have made mistakes'
Acting ANZ NZ CEO Antonia Watson acknowledges mistakes by the bank have contributed to a lengthy list of problems this year as it prepares to hold more capital to meet incoming RBNZ requirements
1st Nov 19, 7:14am
by Gareth Vaughan
5
Acting ANZ NZ CEO Antonia Watson acknowledges mistakes by the bank have contributed to a lengthy list of problems this year as it prepares to hold more capital to meet incoming RBNZ requirements
Breakfast briefing: Chinese cast doubts over comprehensive US trade deal
Chinese cast doubts comprehensive trade deal can be reached with the US, Hong Kong in recession, Indian farmers plan RCEP protests, relief eyed for Aussie SMEs
1st Nov 19, 7:09am
by Gareth Vaughan
28
Chinese cast doubts comprehensive trade deal can be reached with the US, Hong Kong in recession, Indian farmers plan RCEP protests, relief eyed for Aussie SMEs