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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 10 months

Latest articles

Should KiwiSaver default funds be used to help bolster NZ's struggling capital markets?
Government review of KiwiSaver default provider arrangements probes potential support for New Zealand capital markets development, fee reductions and more
14th Aug 19, 5:09pm
by Gareth Vaughan
7
Government review of KiwiSaver default provider arrangements probes potential support for New Zealand capital markets development, fee reductions and more
ASB paying just 1.83% p.a. over 5 years for NZ$600 million
ASB borrows NZ$600 million through five-year bond issue that will pay investors interest of just 1.83% a year
14th Aug 19, 9:32am
by Gareth Vaughan
13
ASB borrows NZ$600 million through five-year bond issue that will pay investors interest of just 1.83% a year
ANZ NZ acknowledges 'transfer of wealth out of NZ from borrowers to foreign shareholders'
A less redacted version of ANZ NZ's submission on the RBNZ's proposals to increase bank capital requirements, released to interest.co.nz, includes a surprising admission from the country's biggest bank
13th Aug 19, 11:16am
by Gareth Vaughan
11
A less redacted version of ANZ NZ's submission on the RBNZ's proposals to increase bank capital requirements, released to interest.co.nz, includes a surprising admission from the country's biggest bank
'Does she clean her own pool?'
Following revelations about ex-ANZ New Zealand CEO David Hisco's opulent lifestyle, ASB CEO Vittoria Shortt gets a first hand taste of public perceptions towards bank bosses
11th Aug 19, 9:52am
by Gareth Vaughan
4
Following revelations about ex-ANZ New Zealand CEO David Hisco's opulent lifestyle, ASB CEO Vittoria Shortt gets a first hand taste of public perceptions towards bank bosses
'Whatever the Reserve Bank determines [on capital] we will meet'
ASB CEO Vittoria Shortt pledges her bank will accept whatever regulatory capital requirements the RBNZ decides to implement, but argues ASB's alternative capital proposals represent a better balance between stability and cost
9th Aug 19, 9:32am
by Gareth Vaughan
2
ASB CEO Vittoria Shortt pledges her bank will accept whatever regulatory capital requirements the RBNZ decides to implement, but argues ASB's alternative capital proposals represent a better balance between stability and cost
CBA, ASB partner with Ryanair banking wannabe eyeing destruction of retail banking
ASB CEO Vittoria Shortt says partnership with Swedish fintech bank Klarna is both a defensive & offensive move through which any buy now pay later services will be covered by the CCCFA
8th Aug 19, 9:42am
by Gareth Vaughan
2
ASB CEO Vittoria Shortt says partnership with Swedish fintech bank Klarna is both a defensive & offensive move through which any buy now pay later services will be covered by the CCCFA
ASB annual profit rises 8% to ninth consecutive record high
ASB annual profit increases to $1.274 billion with return on equity at 15.2% as cost-to-income ratio is cut to 35.6%. Parent Commonwealth Bank of Australia buys into buy now pay later firm
7th Aug 19, 10:15am
by Gareth Vaughan
21
ASB annual profit increases to $1.274 billion with return on equity at 15.2% as cost-to-income ratio is cut to 35.6%. Parent Commonwealth Bank of Australia buys into buy now pay later firm
FMA boss says banks' removal of sales incentives a good example of the power of public interest working
FMA CEO Rob Everett says without regulators' threat to report back to the public banks wouldn't have removed sales incentives on their own, and might have resisted the move if the FMA & RBNZ had just asked them to do it privately
7th Aug 19, 9:45am
by Gareth Vaughan
FMA CEO Rob Everett says without regulators' threat to report back to the public banks wouldn't have removed sales incentives on their own, and might have resisted the move if the FMA & RBNZ had just asked them to do it privately
'Proactive behaviour' by Westpac NZ welcomed by FMA, ComCom
Westpac NZ refunding about 93,000 customers overcharged about $7 million after self-reporting the issues to the Financial Markets Authority and the Commerce Commission
6th Aug 19, 11:04am
by Gareth Vaughan
5
Westpac NZ refunding about 93,000 customers overcharged about $7 million after self-reporting the issues to the Financial Markets Authority and the Commerce Commission
The FMA's message on cyber-attacks; No one is safe
Financial Markets Authority to bolster its monitoring of cyber-resilience as it warns that New Zealand is just as exposed to cyber threats as any other developed nation
6th Aug 19, 9:45am
by Gareth Vaughan
Financial Markets Authority to bolster its monitoring of cyber-resilience as it warns that New Zealand is just as exposed to cyber threats as any other developed nation
CBA shareholders eye big capital return despite proposed increase to ASB capital requirements
ASB's parent Commonwealth Bank of Australia under pressure to return billions of dollars of capital to shareholders despite expectation ASB's capital will need bolstering to meet RBNZ bank capital proposals
5th Aug 19, 9:57am
by Gareth Vaughan
1
ASB's parent Commonwealth Bank of Australia under pressure to return billions of dollars of capital to shareholders despite expectation ASB's capital will need bolstering to meet RBNZ bank capital proposals
RBNZ highlights big four banks' strong profitability
RBNZ analysis shows big 4 NZ banks' average return on equity second among banks from comparable countries, and if Kiwibank could match their operating expense efficiency its return on equity would be comparable
2nd Aug 19, 9:50am
by Gareth Vaughan
9
RBNZ analysis shows big 4 NZ banks' average return on equity second among banks from comparable countries, and if Kiwibank could match their operating expense efficiency its return on equity would be comparable
Owning a NZ peer-to-peer lender is no get rich quick scheme
Almost five years after peer to peer lending launched in New Zealand, making money remains a challenge for most of the licensed lenders
1st Aug 19, 9:43am
by Gareth Vaughan
Almost five years after peer to peer lending launched in New Zealand, making money remains a challenge for most of the licensed lenders
Rabobank NZ eyes relocating head office to Hamilton from Wellington
Rural lender Rabobank New Zealand consulting with about 40 Wellington-based head office staff about a move to Hamilton
30th Jul 19, 5:00am
by Gareth Vaughan
8
Rural lender Rabobank New Zealand consulting with about 40 Wellington-based head office staff about a move to Hamilton
Westpac NZ fills its boots against the backdrop of predictions of even lower interest rates
Gareth Vaughan says Westpac NZ's mammoth NZ$900 million five-year bond issue paying investors just 2.22% pa highlights expectations of even lower interest rates
26th Jul 19, 9:51am
by Gareth Vaughan
4
Gareth Vaughan says Westpac NZ's mammoth NZ$900 million five-year bond issue paying investors just 2.22% pa highlights expectations of even lower interest rates
Big banks distance themselves from doubts they've fully complied with RBNZ outsourcing policy
New Zealand's big five banks play down suggestions they haven't been fully compliant with the RBNZ's outsourcing policy, all say they'll be compliant with beefed up outsourcing policy by the deadline
25th Jul 19, 9:42am
by Gareth Vaughan
2
New Zealand's big five banks play down suggestions they haven't been fully compliant with the RBNZ's outsourcing policy, all say they'll be compliant with beefed up outsourcing policy by the deadline
UBS argues Aussie banks' return on equity targets are not sustainable
Aussie banks' return on equity targets labelled difficult to justify in a low interest rate world, potentially impacting their ability to meet community expectations and undermining Reserve Bank of Australia monetary policy
24th Jul 19, 9:43am
by Gareth Vaughan
Aussie banks' return on equity targets labelled difficult to justify in a low interest rate world, potentially impacting their ability to meet community expectations and undermining Reserve Bank of Australia monetary policy
NAB's new leadership duo hailed as 'one of the strongest teams in banking'
UBS banking analysts suggest Ross McEwan, the incoming CEO of BNZ's troubled parent National Australia Bank, has a unique insight into the challenges ahead thanks to his time at Royal Bank of Scotland
23rd Jul 19, 10:13am
by Gareth Vaughan
UBS banking analysts suggest Ross McEwan, the incoming CEO of BNZ's troubled parent National Australia Bank, has a unique insight into the challenges ahead thanks to his time at Royal Bank of Scotland
Should the RBNZ be given bail-in powers for potential use in a bank crisis?
New Zealand's bank crisis management framework could benefit from making recourse to taxpayer bailouts a last resort option, RBNZ Act review consultation paper says
22nd Jul 19, 11:46am
by Gareth Vaughan
25
New Zealand's bank crisis management framework could benefit from making recourse to taxpayer bailouts a last resort option, RBNZ Act review consultation paper says
BNZ gives to borrowers and takes from savers
BNZ drops two-year mortgage interest rate for owner-occupiers to lowest of the major banks, cuts a couple of savings rates
22nd Jul 19, 10:48am
by Gareth Vaughan
49
BNZ drops two-year mortgage interest rate for owner-occupiers to lowest of the major banks, cuts a couple of savings rates
Ross McEwan succeeding Andrew Thorburn as CEO of BNZ's parent NAB
After being singled out for criticism in Australia's Royal Commission, BNZ's parent National Australia Bank names New Zealander Ross McEwan as its new CEO
19th Jul 19, 11:24am
by Gareth Vaughan
After being singled out for criticism in Australia's Royal Commission, BNZ's parent National Australia Bank names New Zealander Ross McEwan as its new CEO
What happened Thursday
A review of things you need to know before you go home on Thursday; Housing shortage seen reaching 150k, Fonterra to cut back on coal use, Aussie unemployment steady, Westpac NZ bond offer brews
18th Jul 19, 4:02pm
by Gareth Vaughan
7
A review of things you need to know before you go home on Thursday; Housing shortage seen reaching 150k, Fonterra to cut back on coal use, Aussie unemployment steady, Westpac NZ bond offer brews
Three options for beefed-up bank executive accountability detailed
RBNZ Act review consultation paper offers three options for strengthening bank executive and director accountability against the backdrop of the RBNZ having never taken a bank director to court
10th Jul 19, 10:02am
by Gareth Vaughan
1
RBNZ Act review consultation paper offers three options for strengthening bank executive and director accountability against the backdrop of the RBNZ having never taken a bank director to court
Big banks told the RBNZ they were fully compliant with its outsourcing policy when they weren't
RBNZ Act review consultation paper says there has been a 'material risk' to the financial system from some of NZ's big banks failing to fully comply with the RBNZ's outsourcing policy
10th Jul 19, 9:23am
by Gareth Vaughan
4
RBNZ Act review consultation paper says there has been a 'material risk' to the financial system from some of NZ's big banks failing to fully comply with the RBNZ's outsourcing policy
Will RBNZ be the world's first central bank to have an explicit climate change objective enshrined in its legislation?
Government's consultation in its Reserve Bank of New Zealand Act review raises the possibility of the RBNZ getting an explicit climate change objective
10th Jul 19, 5:00am
by Gareth Vaughan
21
Government's consultation in its Reserve Bank of New Zealand Act review raises the possibility of the RBNZ getting an explicit climate change objective