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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

A look at where open banking's at in the United Kingdom
Services enabled by open banking that are proving popular in the UK include aggregation services, personal financial management tools, credit checking, lending to small businesses and mortgages
13th Jun 19, 1:17pm
by Gareth Vaughan
Services enabled by open banking that are proving popular in the UK include aggregation services, personal financial management tools, credit checking, lending to small businesses and mortgages
Is the internal models bank capital approach & the director attestation regime fit for purpose?
Gareth Vaughan argues there are bigger issues at play behind ANZ NZ's censure by the RBNZ, well beyond calling for John Key to go as the bank's chairman
11th Jun 19, 3:27pm
by Gareth Vaughan
9
Gareth Vaughan argues there are bigger issues at play behind ANZ NZ's censure by the RBNZ, well beyond calling for John Key to go as the bank's chairman
Why did Federated Farmers press release quote NZBA CEO warning against RBNZ bank capital proposals?
Federated Farmers says its quoting of bank lobby group CEO warning of perceived cost of RBNZ bank capital proposals in press release on farmer banking survey was part of ensuring balance & right of reply
8th Jun 19, 9:12am
by Gareth Vaughan
4
Federated Farmers says its quoting of bank lobby group CEO warning of perceived cost of RBNZ bank capital proposals in press release on farmer banking survey was part of ensuring balance & right of reply
SBS Bank eyes opportunity in reverse mortgage market
CEO Shaun Drylie says SBS Bank's looking to assist with a gap in the market for reverse mortgages, which he expects there to be a growing need for in New Zealand
7th Jun 19, 5:00am
by Gareth Vaughan
9
CEO Shaun Drylie says SBS Bank's looking to assist with a gap in the market for reverse mortgages, which he expects there to be a growing need for in New Zealand
Average mortgage interest rate paid by farmers now 5.0%
Federated Farmers survey shows average farmer interest rates down 10 basis points in six months to May as proportion of farmers who say they feel undue pressure from their banks rises
6th Jun 19, 5:05pm
by Gareth Vaughan
Federated Farmers survey shows average farmer interest rates down 10 basis points in six months to May as proportion of farmers who say they feel undue pressure from their banks rises
SBS Bank boss sees 3% 'psychological barrier' for depositors
SBS Bank CEO Shaun Drylie hopeful the mutually owned building society will gain RBNZ approval for a Tier 1 capital instrument to help it meet the regulator's bank capital proposals
6th Jun 19, 5:00am
by Gareth Vaughan
5
SBS Bank CEO Shaun Drylie hopeful the mutually owned building society will gain RBNZ approval for a Tier 1 capital instrument to help it meet the regulator's bank capital proposals
'It’s better to have a tool and not need it, than need one and not have it'
RBNZ in the 'strong position' of having both further room to cut the Official Cash Rate and unconventional monetary policy tools if required, Assistant Governor Christian Hawkesby says
5th Jun 19, 3:44pm
by Gareth Vaughan
17
RBNZ in the 'strong position' of having both further room to cut the Official Cash Rate and unconventional monetary policy tools if required, Assistant Governor Christian Hawkesby says
Aussie banks' payments revenue under attack
Morgan Stanley analysts highlight threats to Australian banks' payments revenue, saying they must increase technology investment or risk becoming faceless utilities competing purely on price
5th Jun 19, 10:29am
by Gareth Vaughan
Morgan Stanley analysts highlight threats to Australian banks' payments revenue, saying they must increase technology investment or risk becoming faceless utilities competing purely on price
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