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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 6 months

Latest articles

'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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
Should LVR restrictions apply to a broader range of lenders & a DTI tool be available to the RBNZ?
Phase two of RBNZ Act review raises the possibility of loan-to-value ratio restrictions being extended from banks to all lenders active in the residential mortgage market
by Gareth Vaughan
23
Phase two of RBNZ Act review raises the possibility of loan-to-value ratio restrictions being extended from banks to all lenders active in the residential mortgage market
Westpac NZ sticks with Mastercard as Kiwibank & ANZ NZ go with Visa
Mastercard New Zealand boss says 'watch this space' following the company's acquisition of point of sale financing provider Vyze
by Gareth Vaughan
Mastercard New Zealand boss says 'watch this space' following the company's acquisition of point of sale financing provider Vyze
ANZ NZ, between an RBNZ rock and a reputational hard place
Recent events remind Gareth Vaughan of a conversation several years ago with ex-ANZ NZ CEO David Hisco when he floated the idea of a Minister for ANZ...
by Gareth Vaughan
22
Recent events remind Gareth Vaughan of a conversation several years ago with ex-ANZ NZ CEO David Hisco when he floated the idea of a Minister for ANZ...
ANZ New Zealand's annus horribilis
As the bad news continues flowing out of ANZ New Zealand, we seek answers to some pertinent questions
by Gareth Vaughan
33
As the bad news continues flowing out of ANZ New Zealand, we seek answers to some pertinent questions