sign up log in
Want to go ad-free? Find out how, here.

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

Kiwibank leads way in March quarter lending growth
Solid March quarter lending growth for both Kiwibank and TSB as several banks go backwards on the deposit front
4th Jun 19, 9:51am
by Gareth Vaughan
Solid March quarter lending growth for both Kiwibank and TSB as several banks go backwards on the deposit front
RBNZ's dashboard highlights big banks' profitability strength once again
New Zealand's big four banks deliver strong March quarter return on equity as profit surges, ANZ cuts dividend
4th Jun 19, 9:48am
by Gareth Vaughan
New Zealand's big four banks deliver strong March quarter return on equity as profit surges, ANZ cuts dividend
BNZ, the forex order gone wrong & the unintended position of more than $1b against the US dollar
BNZ says bug in a third-party foreign exchange trading platform in 2014 resulted in a forex trade replicating in error causing an unintended position of over $1 billion against US dollar for half an hour
1st Jun 19, 9:31am
by Gareth Vaughan
8
BNZ says bug in a third-party foreign exchange trading platform in 2014 resulted in a forex trade replicating in error causing an unintended position of over $1 billion against US dollar for half an hour
ANZ NZ CEO David Hisco takes extended sick leave
Retail and business banking managing director Antonia Watson takes helm as acting CEO at ANZ NZ as CEO David Hisco takes extended sick leave
30th May 19, 11:20am
by Gareth Vaughan
1
Retail and business banking managing director Antonia Watson takes helm as acting CEO at ANZ NZ as CEO David Hisco takes extended sick leave
Consultation nears for RBNZ & FMA regulation of financial market infrastructures
RBNZ says upgrades to its key financial market infrastructures ESAS and NZClear are behind schedule, won't commit to a new go-live date
30th May 19, 10:23am
by Gareth Vaughan
RBNZ says upgrades to its key financial market infrastructures ESAS and NZClear are behind schedule, won't commit to a new go-live date
Morgan Stanley analysts highlight Xero's payments potential
Xero has the opportunity to target the demand for SME lending that's not met by the major banks and leverage customer data for payments growth, Morgan Stanley analysts argue
30th May 19, 10:19am
by Gareth Vaughan
Xero has the opportunity to target the demand for SME lending that's not met by the major banks and leverage customer data for payments growth, Morgan Stanley analysts argue
RBNZ Governor Orr highlights 'astounding' comment in NZBA submission
Governor Adrian Orr says RBNZ is 'open minded' about its proposals to increase bank capital, but wants more capital and good quality capital
29th May 19, 3:30pm
by Gareth Vaughan
13
Governor Adrian Orr says RBNZ is 'open minded' about its proposals to increase bank capital, but wants more capital and good quality capital
A home with a backyard is still desired by many New Zealanders
Westpac commissioned survey suggests many New Zealanders still pine for the quarter acre dream when it comes to their homes
28th May 19, 10:41am
by Gareth Vaughan
23
Westpac commissioned survey suggests many New Zealanders still pine for the quarter acre dream when it comes to their homes
Commerce Commission probes BNZ CCCFA compliance
BNZ compliance with Credit Contracts and Consumer Finance Act disclosure requirements under the spotlight after the bank self-reported to the consumer watchdog
28th May 19, 9:28am
by Gareth Vaughan
BNZ compliance with Credit Contracts and Consumer Finance Act disclosure requirements under the spotlight after the bank self-reported to the consumer watchdog
Westpac NZ's alternative bank capital plan
Dismissive of the RBNZ's bank capital proposals, Westpac NZ releases its own alternative version focused on total capital rather than common equity tier 1 capital
27th May 19, 4:03pm
by Gareth Vaughan
5
Dismissive of the RBNZ's bank capital proposals, Westpac NZ releases its own alternative version focused on total capital rather than common equity tier 1 capital
Faafoi tells financial services sector he's watching 'momentum & attitudes' in open banking
Commerce and Consumer Affairs Minister Kris Faafoi says he's 'genuinely focused on giving industry-led open banking a real chance to succeed'
25th May 19, 9:46am
by Gareth Vaughan
1
Commerce and Consumer Affairs Minister Kris Faafoi says he's 'genuinely focused on giving industry-led open banking a real chance to succeed'
What happened Friday
A review of things you need to know before you go home on Friday; Local 10-year swap rate below 2% for first time, trade surplus as annual goods exports to China hitting $15b, English calls banks' bluff
24th May 19, 4:00pm
by Gareth Vaughan
19
A review of things you need to know before you go home on Friday; Local 10-year swap rate below 2% for first time, trade surplus as annual goods exports to China hitting $15b, English calls banks' bluff
APRA serviceability revision 'good for Aussie banks & fragile housing market'
Macquarie analysts highlight boost to borrowing capacity for both owner-occupiers and property investors from APRA proposal to revise guidance for bank borrowing capacity serviceability assessments
24th May 19, 10:15am
by Gareth Vaughan
Macquarie analysts highlight boost to borrowing capacity for both owner-occupiers and property investors from APRA proposal to revise guidance for bank borrowing capacity serviceability assessments
RBNZ still holding a candle for a debt-to-income limiting macro-prudential tool
Despite being knocked back by both major political parties during the 2017 election year, the RBNZ continues to push for the inclusion of a debt-to-income limiting tool in its macro-prudential toolkit
24th May 19, 5:00am
by Gareth Vaughan
36
Despite being knocked back by both major political parties during the 2017 election year, the RBNZ continues to push for the inclusion of a debt-to-income limiting tool in its macro-prudential toolkit
NZ-owned banks say a necessary consequence of increased capital requirements must be practical access to capital
Kiwibank, Co-op Bank, SBS & TSB welcome proposed RBNZ changes to level the capital playing field, but want access to a wide range of capital sources warning as currently proposed the RBNZ plans are unworkable for small banks
23rd May 19, 5:00am
by Gareth Vaughan
11
Kiwibank, Co-op Bank, SBS & TSB welcome proposed RBNZ changes to level the capital playing field, but want access to a wide range of capital sources warning as currently proposed the RBNZ plans are unworkable for small banks
ASB puts Aegis on the block again
ASB unveils strategic review of its ownership of investment and custody businesses Aegis and Investment Custodial Services
21st May 19, 2:26pm
by Gareth Vaughan
ASB unveils strategic review of its ownership of investment and custody businesses Aegis and Investment Custodial Services
NZBA says RBNZ should go lower to level capital playing field
Bank lobby group offers an alternative method the RBNZ could adopt to level the capital playing field between the big four banks and the rest of New Zealand's banks
21st May 19, 10:43am
by Gareth Vaughan
2
Bank lobby group offers an alternative method the RBNZ could adopt to level the capital playing field between the big four banks and the rest of New Zealand's banks
$800m 'supervisory adjustment' to ANZ NZ’s minimum regulatory capital requirement
RBNZ enforces $10.1b increase in risk weighted assets on ANZ NZ related to mortgage and farm lending in a move that comes with an $800 mln increase to ANZ NZ's minimum regulatory capital requirements
20th May 19, 5:59pm
by Gareth Vaughan
11
RBNZ enforces $10.1b increase in risk weighted assets on ANZ NZ related to mortgage and farm lending in a move that comes with an $800 mln increase to ANZ NZ's minimum regulatory capital requirements
Final RBNZ bank capital decisions likely in November, with new rules from next April
RBNZ to use external experts and focus groups in next phases of the biggest review of NZ bank capital requirements ever undertaken
20th May 19, 2:18pm
by Gareth Vaughan
2
RBNZ to use external experts and focus groups in next phases of the biggest review of NZ bank capital requirements ever undertaken
Reserve Bank censures ANZ, which is 'disappointed' error occurred
RBNZ revokes ANZ NZ's accreditation to model its own capital requirements due to 'persistent failure' in its controls and attestation, bank must increase minimum capital for operational risk by 60% to $760m
17th May 19, 1:18pm
by Gareth Vaughan
47
RBNZ revokes ANZ NZ's accreditation to model its own capital requirements due to 'persistent failure' in its controls and attestation, bank must increase minimum capital for operational risk by 60% to $760m
Macquarie highlights discrepancies in negative equity reporting across big 4 Aussie banks
Macquarie analysts suggest BNZ's parent National Australia Bank and Westpac NZ's parent the Westpac Banking Corporation may be 'materially understating' their negative equity exposure
17th May 19, 9:57am
by Gareth Vaughan
Macquarie analysts suggest BNZ's parent National Australia Bank and Westpac NZ's parent the Westpac Banking Corporation may be 'materially understating' their negative equity exposure
Liquidator doesn't believe creditors exist
Liquidator of ex-NZ financial service provider Asia Finance Corporation, previously London Capital NZ, doesn't believe four of seven creditors exist
17th May 19, 7:02am
by Gareth Vaughan
2
Liquidator of ex-NZ financial service provider Asia Finance Corporation, previously London Capital NZ, doesn't believe four of seven creditors exist
Kiwibank to phase out use of cheques over 9 months
State owned Kiwibank to become the first New Zealand bank to cull cheques, after 'tipping point' reached with less than 1% of the bank's payments now made by cheque
16th May 19, 2:00pm
by Gareth Vaughan
8
State owned Kiwibank to become the first New Zealand bank to cull cheques, after 'tipping point' reached with less than 1% of the bank's payments now made by cheque
Five observations from Aussie big bank reporting season
The challenges mount for the Australian parents of New Zealand's big four banks
15th May 19, 10:20am
by Gareth Vaughan
The challenges mount for the Australian parents of New Zealand's big four banks
'We've got to do more checking in on people along the way to make sure they're in the right products'
Banks have had to remove incentives linked to sales and are being told to ensure good outcomes for all customers. Here, ANZ, BNZ and Westpac's CEOs talk about how this is progressing
13th May 19, 2:11pm
by Gareth Vaughan
Banks have had to remove incentives linked to sales and are being told to ensure good outcomes for all customers. Here, ANZ, BNZ and Westpac's CEOs talk about how this is progressing