Gareth Vaughan | interest.co.nz

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

Bank boss calls for competition probe into credit card market

Credit card market 'a real area of customer harm', says The Co-operative Bank's CEO David Cunningham

11th Dec 18, 5:00am

by Gareth Vaughan

Credit card market 'a real area of customer harm', says The Co-operative Bank's CEO David Cunningham

Co-op Bank looks at 'left field' pay incentive options including 'learn to earn'

CEO David Cunningham says The Co-operative Bank is working on alternative incentive options for staff after FMA told banks 'thou shalt not have sales incentives'

7th Dec 18, 12:12pm

by Gareth Vaughan

CEO David Cunningham says The Co-operative Bank is working on alternative incentive options for staff after FMA told banks 'thou shalt not have sales incentives'

'Risk of the credit squeeze turning into a credit crunch is real & rising'

Aussie Royal Commission tipped to recommend remuneration overhaul as FMA gives views on how banks should pay mobile mortgage mangers & mortgage brokers in NZ

7th Dec 18, 12:07pm

by Gareth Vaughan

Aussie Royal Commission tipped to recommend remuneration overhaul as FMA gives views on how banks should pay mobile mortgage mangers & mortgage brokers in NZ

'Sub-4% mortgage interest rates possibly the generational low'

Co-operative Bank CEO David Cunningham says sub-4% home loan rates unsustainable unless deposit rates fall about 50 basis points

6th Dec 18, 10:09am

by Gareth Vaughan

Co-operative Bank CEO David Cunningham says sub-4% home loan rates unsustainable unless deposit rates fall about 50 basis points

Scale of crime spree by NZ shell companies peddled by Taylors detailed

From North Korean gun running to El Chapo's drugs cartel; New Zealand Police have received more than 350 criminal investigation enquiries about NZ companies the notorious Taylors established

6th Dec 18, 5:00am

by Gareth Vaughan

From North Korean gun running to El Chapo's drugs cartel; New Zealand Police have received more than 350 criminal investigation enquiries about NZ companies the notorious Taylors established

First Credit Union steps into credit union insurance void

First Credit Union's First Insurance to offer insurance via other NZ credit unions after Co-op Money sells its insurance operations

5th Dec 18, 9:35am

by Gareth Vaughan

First Credit Union's First Insurance to offer insurance via other NZ credit unions after Co-op Money sells its insurance operations

Steady financial quarter for the smaller banks

Co-op Bank, SBS, TSB, Heartland and Rabobank all deliver lending and deposit growth in the September quarter

4th Dec 18, 3:30pm

by Gareth Vaughan

Co-op Bank, SBS, TSB, Heartland and Rabobank all deliver lending and deposit growth in the September quarter

'We conclude that more capital is better'

Governor Adrian Orr says RBNZ to impose capital standards on banks that match the public’s risk tolerance

30th Nov 18, 2:24pm

by Gareth Vaughan

Governor Adrian Orr says RBNZ to impose capital standards on banks that match the public’s risk tolerance

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

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

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

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

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

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

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

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

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

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

'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

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

BNZ borrows $550 million at 3.648% via five-year bond issue as Chorus seeks at least $300 million in its own bond issue