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 10 months

Latest articles

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'

ANZ cuts some credit card interest rates, following rivals

ANZ follows rivals with reductions to some credit card purchase interest rates, however most banks still have cash advance rates above 20%

4th Sep 19, 10:17am

by Gareth Vaughan

ANZ follows rivals with reductions to some credit card purchase interest rates, however most banks still have cash advance rates above 20%

Cyber-crime costs tipped to top US$5 trillion a year within five years

Juniper Research predicts big increase in cost of cyber-crime as crooks use the likes of AI, social media and crypto-jacking

2nd Sep 19, 7:30am

by Gareth Vaughan

Juniper Research predicts big increase in cost of cyber-crime as crooks use the likes of AI, social media and crypto-jacking

As TSB grows outside Taranaki, does it look to distribute profits more widely?

With its roots and charitable trust ownership in Taranaki, TSB is growing in other parts of New Zealand. So does it look to distribute profits outside its home province?

30th Aug 19, 11:44am

by Gareth Vaughan

With its roots and charitable trust ownership in Taranaki, TSB is growing in other parts of New Zealand. So does it look to distribute profits outside its home province?

'Good partnership' with RBNZ on potential changes to its capital proposals

TSB CEO Donna Cooper 'feeling positive' about talks with the RBNZ seeking changes to the regulator's proposals for tougher bank regulatory capital requirements

29th Aug 19, 7:48am

by Gareth Vaughan

TSB CEO Donna Cooper 'feeling positive' about talks with the RBNZ seeking changes to the regulator's proposals for tougher bank regulatory capital requirements

Life gets a bit tougher for some of New Zealand's key smaller banks

The country's key smaller banks deliver a weaker collective financial performance in the June quarter this year compared to the 2018 June quarter

28th Aug 19, 9:36am

by Gareth Vaughan

The country's key smaller banks deliver a weaker collective financial performance in the June quarter this year compared to the 2018 June quarter

Strong June quarter for NZ's four Aussie owned banks

Combined June quarter profit up 13% for ANZ, ASB, BNZ & Westpac as average RoE rises, cost-to-income ratio drops and net interest margin holds steady

27th Aug 19, 9:30am

by Gareth Vaughan

Combined June quarter profit up 13% for ANZ, ASB, BNZ & Westpac as average RoE rises, cost-to-income ratio drops and net interest margin holds steady

Kiwibank CEO Steve Jurkovich outlines major investment plans

CEO Steve Jurkovich says Kiwibank transformation project to cost 'hundreds of millions' over four to five years

26th Aug 19, 8:01am

by Gareth Vaughan

CEO Steve Jurkovich says Kiwibank transformation project to cost 'hundreds of millions' over four to five years

Big 4 Australasian banks should bite the bullet & accept a utility-style future

Gareth Vaughan suggests ANZ and its fellow big banks are starting to look snookered. Could it be time for them to accept they're now utilities?

25th Aug 19, 6:31am

by Gareth Vaughan

Gareth Vaughan suggests ANZ and its fellow big banks are starting to look snookered. Could it be time for them to accept they're now utilities?

Kiwibank annual profit down 6%; Business lending growth eyed

Kiwibank cites banking fee reductions, bill paying services returning to NZ Post, and lower insurance income as its annual profit drops by $7 million

23rd Aug 19, 10:09am

by Gareth Vaughan

Kiwibank cites banking fee reductions, bill paying services returning to NZ Post, and lower insurance income as its annual profit drops by $7 million

Scratching a 30-year itch

Ex-RBNZ director Suzanne Snively, now chairing the RBNZ Act review advisory panel, explains to Gareth Vaughan where she feels the 1989 RBNZ Act went wrong and why she's keen for a broader approach today

23rd Aug 19, 5:00am

by Gareth Vaughan

ANZ house sale to Hisco's wife was 'material' for financial reporting purposes, FMA says

FMA says ANZ NZ should have disclosed the sale of an Auckland house to the wife of its former CEO David Hisco as a related party transaction, questions role of auditor KPMG

22nd Aug 19, 3:10pm

by Gareth Vaughan

FMA says ANZ NZ should have disclosed the sale of an Auckland house to the wife of its former CEO David Hisco as a related party transaction, questions role of auditor KPMG

APRA dismisses pleas to delay beefed up prudential standard until after RBNZ capital review

Tougher APRA 'contagion risk' rules may reduce flow of bank dividends from Kiwi subsidiaries to Aussie parent banks with ANZ seeing 'limited capacity to inject capital into ANZ NZ'

21st Aug 19, 7:57am

by Gareth Vaughan

Tougher APRA 'contagion risk' rules may reduce flow of bank dividends from Kiwi subsidiaries to Aussie parent banks with ANZ seeing 'limited capacity to inject capital into ANZ NZ'

Analysts estimate Heartland will need to raise $100m of capital by 2022

UBS analysts highlight the wide range of returns on equity across Heartland Group Holdings' stable from reverse mortgages at the top to loans via Harmoney at the bottom

20th Aug 19, 9:31am

by Gareth Vaughan

UBS analysts highlight the wide range of returns on equity across Heartland Group Holdings' stable from reverse mortgages at the top to loans via Harmoney at the bottom

'Recalibrating how you think about the world in a world that has become immeasurably more complex'

ANZ Head of Foreign Exchange Research Daniel Been on how the way currency markets are analysed is changing and why the US dollar continues to have appeal

17th Aug 19, 9:16am

by Gareth Vaughan

ANZ Head of Foreign Exchange Research Daniel Been on how the way currency markets are analysed is changing and why the US dollar continues to have appeal

The RBNZ hits back at BusinessNZ criticism

BusinessNZ CEO Kirk Hope criticises the RBNZ for being 'pretty active' and surprising business, RBNZ Governor Adrian Orr hits back saying the RBNZ is 'forward-looking and transparent'

16th Aug 19, 10:40am

by Gareth Vaughan

BusinessNZ CEO Kirk Hope criticises the RBNZ for being 'pretty active' and surprising business, RBNZ Governor Adrian Orr hits back saying the RBNZ is 'forward-looking and transparent'

Heartland Bank CEO 'not overly concerned' with low interest rates

CEO Chris Flood says Heartland Bank's small size relative to competitors and high net interest margin gives him comfort the bank can continue to grow deposits

16th Aug 19, 9:25am

by Gareth Vaughan

CEO Chris Flood says Heartland Bank's small size relative to competitors and high net interest margin gives him comfort the bank can continue to grow deposits

In-coming Harmoney CEO eyes $30m+ capital raise

Harmoney hires former FlexiGroup NZ boss David Stevens as its new CEO with capital raise and extension of bank warehouse facility immediate priorities

15th Aug 19, 9:48am

by Gareth Vaughan

Harmoney hires former FlexiGroup NZ boss David Stevens as its new CEO with capital raise and extension of bank warehouse facility immediate priorities