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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

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
Harmoney reaches $1 bln lending milestone
Licensed P2P lender Harmoney says it has facilitated loans across New Zealand and Australia valued at $1 billion
8th Nov 18, 7:45am
by Gareth Vaughan
11
Licensed P2P lender Harmoney says it has facilitated loans across New Zealand and Australia valued at $1 billion
Corporate bond issues raise more than $2.4 billion
New Zealand corporates, excluding banks, have borrowed more than $2.4 bln via bond issues so far in 2018 with more to come
7th Nov 18, 5:20pm
by Gareth Vaughan
New Zealand corporates, excluding banks, have borrowed more than $2.4 bln via bond issues so far in 2018 with more to come
Govt mulling 'fundamental change' to the bank-customer relationship
Government's suggestion of establishing a legal duty for banks to consider customers' long-term outcomes would be a shift to a fiduciary duty of care from buyer beware
7th Nov 18, 3:24pm
by Gareth Vaughan
8
Government's suggestion of establishing a legal duty for banks to consider customers' long-term outcomes would be a shift to a fiduciary duty of care from buyer beware
The RBNZ must also go above and beyond its minimum requirements
In the wake of the bank conduct & culture review, Gareth Vaughan argues more sunlight is needed on the RBNZ's DIY regulatory regime
6th Nov 18, 5:12pm
by Gareth Vaughan
5
In the wake of the bank conduct & culture review, Gareth Vaughan argues more sunlight is needed on the RBNZ's DIY regulatory regime
The who, what, when, where and why of the FMA & RBNZ bank report
What was in and what was out of the FMA & RBNZ's bank conduct and culture report and why
5th Nov 18, 2:01pm
by Gareth Vaughan
1
What was in and what was out of the FMA & RBNZ's bank conduct and culture report and why
'The power to make changes rests with the banks'
FMA & RBNZ report highlights several ways government could address regulatory gaps to incentivise banks to develop & maintain appropriate management of conduct risk
5th Nov 18, 2:00pm
by Gareth Vaughan
6
FMA & RBNZ report highlights several ways government could address regulatory gaps to incentivise banks to develop & maintain appropriate management of conduct risk
Regulators tell NZ banks to pull their socks up
FMA & RBNZ report concludes bank conduct & culture problems not widespread in NZ, but highlights a culture of banks acting in their own, not customers', interests
5th Nov 18, 2:00pm
by Gareth Vaughan
30
FMA & RBNZ report concludes bank conduct & culture problems not widespread in NZ, but highlights a culture of banks acting in their own, not customers', interests
BNZ looking for customer advocates
CEO Angela Mentis says BNZ hopes to recoup revenue lost through fee reductions by gaining more customers' business & new customers
2nd Nov 18, 3:33pm
by Gareth Vaughan
1
CEO Angela Mentis says BNZ hopes to recoup revenue lost through fee reductions by gaining more customers' business & new customers
Commerce Commission greenlights Paymark sale to Ingenico
Sale of Paymark for $190 mln by ANZ, ASB, BNZ and Westpac to France's Ingenico cleared by Commerce Commission
2nd Nov 18, 9:35am
by Gareth Vaughan
Sale of Paymark for $190 mln by ANZ, ASB, BNZ and Westpac to France's Ingenico cleared by Commerce Commission
Why the Govt rejected making lenders disclose the effective cost of debt
Benefits of making lenders disclose the effective cost of credit, by combining interest rates & fees, deemed not sufficient to warrant the costs and complexities, MBIE says
1st Nov 18, 2:25pm
by Gareth Vaughan
17
Benefits of making lenders disclose the effective cost of credit, by combining interest rates & fees, deemed not sufficient to warrant the costs and complexities, MBIE says
'We run the bank for less cost than we used to in 2010'
ANZ Banking Group CEO Shayne Elliott describes group's NZ simplification as a 'total win-win' and something the group wants to replicate in Australia
1st Nov 18, 11:57am
by Gareth Vaughan
ANZ Banking Group CEO Shayne Elliott describes group's NZ simplification as a 'total win-win' and something the group wants to replicate in Australia
Hisco expects 'work list of things' from FMA & RBNZ review
ANZ NZ CEO David Hisco eyes growth opportunities for the to be retained UDC, expects work list of things to do from FMA & RBNZ report on bank conduct & culture
1st Nov 18, 11:53am
by Gareth Vaughan
ANZ NZ CEO David Hisco eyes growth opportunities for the to be retained UDC, expects work list of things to do from FMA & RBNZ report on bank conduct & culture
BNZ annual profit tops $1 billion
BNZ posts 10% rise in annual profit as income rises and bottom line gets boost from mark to market movements in offshore debt
1st Nov 18, 10:19am
by Gareth Vaughan
6
BNZ posts 10% rise in annual profit as income rises and bottom line gets boost from mark to market movements in offshore debt
ANZ NZ annual profit within touching distance of $2 billion
ANZ NZ profit surges $206m to $1.986b, or about $809 per customer. Calls off UDC sale. Group cuts staff incentive payments by A$124m in wake of Royal Commission
31st Oct 18, 9:50am
by Gareth Vaughan
63
ANZ NZ profit surges $206m to $1.986b, or about $809 per customer. Calls off UDC sale. Group cuts staff incentive payments by A$124m in wake of Royal Commission
Big banks on a hiding to nothing over the next week
Could it be that NZ's big 4 banks have all posted annual profit of at least $1 billion just as the FMA & RBNZ's report on their conduct & culture is released?
30th Oct 18, 4:46pm
by Gareth Vaughan
Could it be that NZ's big 4 banks have all posted annual profit of at least $1 billion just as the FMA & RBNZ's report on their conduct & culture is released?
Will there be any fireworks in the FMA & RBNZ's banking report?
Five things to look for in the Financial Markets Authority and Reserve Bank report on New Zealand banks' conduct and culture
30th Oct 18, 6:30am
by Gareth Vaughan
2
Five things to look for in the Financial Markets Authority and Reserve Bank report on New Zealand banks' conduct and culture
Customer claiming no income or assets set off alarm bells
'Courageous' Danske Bank whistle-blower deserves thanks from governments concerned about fraud and corruption, his lawyers say
25th Oct 18, 12:51pm
by Gareth Vaughan
'Courageous' Danske Bank whistle-blower deserves thanks from governments concerned about fraud and corruption, his lawyers say