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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 8 months

Latest articles

Bank capital 'the number one safety valve for citizens of a country'
Higher bank capital requirements are necessary, RBNZ Governor Adrian Orr says, with big four banks' use of internal capital models to be constrained
30th Nov 18, 12:47pm
by Gareth Vaughan
Higher bank capital requirements are necessary, RBNZ Governor Adrian Orr says, with big four banks' use of internal capital models to be constrained
Ten key charts and tables from the RBNZ's Financial Stability Report
A 325% debt-to-disposable income ratio, household debt growing at a more sustainable rate, horticulture lending being monitored, eye watering life insurance commissions & more from the RBNZ's FSR
29th Nov 18, 12:00pm
by Gareth Vaughan
27
A 325% debt-to-disposable income ratio, household debt growing at a more sustainable rate, horticulture lending being monitored, eye watering life insurance commissions & more from the RBNZ's FSR
'Complex and complicated' issues in focus as final TWG report nears
Tax Working Group members Craig Elliffe and Robin Oliver discuss the challenges of creating a comprehensive Capital Gains Tax that excludes the family home
29th Nov 18, 5:00am
by Gareth Vaughan
77
Tax Working Group members Craig Elliffe and Robin Oliver discuss the challenges of creating a comprehensive Capital Gains Tax that excludes the family home
Independent director Richard Westlake new Co-op Money chairman
Massey University's Claire Matthews steps down as chairman of beleaguered credit union industry association Co-op Money
28th Nov 18, 7:45am
by Gareth Vaughan
2
Massey University's Claire Matthews steps down as chairman of beleaguered credit union industry association Co-op Money
The ANZ, ASB, BNZ & Westpac profit machines continue on their merry way
New Zealand's big four banks continue world-class profitability across a range of key measures
27th Nov 18, 5:32pm
by Gareth Vaughan
1
New Zealand's big four banks continue world-class profitability across a range of key measures
Four things to look for in the Reserve Bank's Financial Stability Report
LVRs, bank capital review, dashboard plans and credit union struggles; Four things to keep an eye out for in the RBNZ's Financial Stability Report on Wednesday
26th Nov 18, 9:41am
by Gareth Vaughan
LVRs, bank capital review, dashboard plans and credit union struggles; Four things to keep an eye out for in the RBNZ's Financial Stability Report on Wednesday
Co-op Money credit rating downgraded two notches to B+
Co-op Money, the credit union industry association, has its credit rating downgraded as Fitch frets about tight liquidity, weakening capitalisation & its lack of profitability
23rd Nov 18, 5:08pm
by Gareth Vaughan
Co-op Money, the credit union industry association, has its credit rating downgraded as Fitch frets about tight liquidity, weakening capitalisation & its lack of profitability
Most P2P loans paying interest rates of 8% to 24.99%
Strong annual growth in peer to peer lending as value of outstanding loans reaches $489 million and write-offs rise 64% to $13.9 million, FMA figures show
23rd Nov 18, 1:18pm
by Gareth Vaughan
16
Strong annual growth in peer to peer lending as value of outstanding loans reaches $489 million and write-offs rise 64% to $13.9 million, FMA figures show
Heartland renews & extends CBA funding for Aussie reverse mortgages
ASB's parent Commonwealth Bank of Australia recommits to funding Heartland Group's Australian reverse mortgage business
22nd Nov 18, 9:43am
by Gareth Vaughan
ASB's parent Commonwealth Bank of Australia recommits to funding Heartland Group's Australian reverse mortgage business
ANZ NZ September quarter lending growth muted
ANZ NZ September quarter return on equity bounces and net interest margin dips as profit rises 5%
20th Nov 18, 12:49pm
by Gareth Vaughan
1
ANZ NZ September quarter return on equity bounces and net interest margin dips as profit rises 5%
'Please explain' threat highlights conduct regulatory gap
Challenge of achieving good customer outcomes through vertically integrated banks 'harmed significantly' by staff incentives 'to put away product', FMA says
19th Nov 18, 9:53am
by Gareth Vaughan
Challenge of achieving good customer outcomes through vertically integrated banks 'harmed significantly' by staff incentives 'to put away product', FMA says
Credit unions in RBNZ big bank outsourcing type project for delivery of key services
Co-op Money credit union members working on 'step-in rights' project against backdrop of more expensive than expected new Oracle Flexcube banking system
19th Nov 18, 9:34am
by Gareth Vaughan
12
Co-op Money credit union members working on 'step-in rights' project against backdrop of more expensive than expected new Oracle Flexcube banking system
Aotearoa Credit Union battles for survival
Aotearoa Credit Union annual loss tops $2m as new Oracle core banking system causes loss of customers & leads to unreliable management reports
17th Nov 18, 10:34am
by Gareth Vaughan
4
Aotearoa Credit Union annual loss tops $2m as new Oracle core banking system causes loss of customers & leads to unreliable management reports
RBNZ seeks funding boost
RBNZ, a payer of chunky dividends to the Government, wants to keep more of the money it generates to boost its prudential regulation department
17th Nov 18, 10:02am
by Gareth Vaughan
4
RBNZ, a payer of chunky dividends to the Government, wants to keep more of the money it generates to boost its prudential regulation department
'Poor customer outcomes are likely to go undetected'
'High risk' of inappropriate sales practices occurring with banks 'not adequately' monitoring and controlling the risk, FMA says in bank pay incentive structures report
15th Nov 18, 1:02pm
by Gareth Vaughan
6
'High risk' of inappropriate sales practices occurring with banks 'not adequately' monitoring and controlling the risk, FMA says in bank pay incentive structures report
The FMA's challenge for banks
FMA director of regulation Liam Mason details the type of bank pay incentives the regulator would like to see rewarded, says incentives linked to sales should go completely
15th Nov 18, 1:00pm
by Gareth Vaughan
10
FMA director of regulation Liam Mason details the type of bank pay incentives the regulator would like to see rewarded, says incentives linked to sales should go completely
Bond bonanza continues
BNZ borrows $550 million at 3.648% via five-year bond issue as Chorus seeks at least $300 million in its own bond issue
15th Nov 18, 9:31am
by Gareth Vaughan
9
BNZ borrows $550 million at 3.648% via five-year bond issue as Chorus seeks at least $300 million in its own bond issue
RBNZ plans talks with banks and insurers about climate change strategy
Reserve Bank climate change strategy to focus on both its own activities and its regulatory oversight of financial stability
13th Nov 18, 12:43pm
by Gareth Vaughan
2
Reserve Bank climate change strategy to focus on both its own activities and its regulatory oversight of financial stability
Inquiry to focus on the handling of insurance claims by EQC
Ex-Governor-General and High Court Judge Silvia Cartwright to lead public inquiry with 'all the powers of a Royal Commission' into the Earthquake Commission
13th Nov 18, 10:46am
by Gareth Vaughan
6
Ex-Governor-General and High Court Judge Silvia Cartwright to lead public inquiry with 'all the powers of a Royal Commission' into the Earthquake Commission
Should the Reserve Bank's policy objective be changed?
Review considers change to existing RBNZ sound & efficient financial system policy objective with competition, consumer protection & public confidence also in the mix
13th Nov 18, 5:00am
by Gareth Vaughan
5
Review considers change to existing RBNZ sound & efficient financial system policy objective with competition, consumer protection & public confidence also in the mix
BNZ to offer 3.99% two-year mortgage rate
BNZ unveils two year 3.99% home loan rate from November 13 as mortgage wars intensify
12th Nov 18, 1:31pm
by Gareth Vaughan
40
BNZ unveils two year 3.99% home loan rate from November 13 as mortgage wars intensify
The NZ financial system by the numbers
RBNZ Act review consultation paper details the local banking system by the numbers, highlighting the dominance of the Aussie owned banks
12th Nov 18, 11:58am
by Gareth Vaughan
14
RBNZ Act review consultation paper details the local banking system by the numbers, highlighting the dominance of the Aussie owned banks
'Kiwibank would need to undergo fundamental change'
Treasury to probe 'fundamental change' and growth required by Kiwibank to take on core government banking in 2023
12th Nov 18, 10:33am
by Gareth Vaughan
Treasury to probe 'fundamental change' and growth required by Kiwibank to take on core government banking in 2023
Why the regulators should take a look at the credit card market
Gareth Vaughan argues credit cards should be the first target for our regulators if they're serious about making banks protect or enhance customer interests & outcomes
10th Nov 18, 10:02am
by Gareth Vaughan
7
Gareth Vaughan argues credit cards should be the first target for our regulators if they're serious about making banks protect or enhance customer interests & outcomes
This week's Top 10
Gareth Vaughan on Francis Fukuyama & identity politics, Silicon Valley & the radicalisation of the world, Corbyn the Trotskyite, Goldman Sachs cops a kicking, Bolsonaro & the Amazon & more
9th Nov 18, 10:00am
by Gareth Vaughan
73
Gareth Vaughan on Francis Fukuyama & identity politics, Silicon Valley & the radicalisation of the world, Corbyn the Trotskyite, Goldman Sachs cops a kicking, Bolsonaro & the Amazon & more