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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

Latest articles

RBNZ eyes major increase in bank capital requirements
RBNZ proposes significant increase in bank capital requirements that will eat up 70% of the sector's profits over 5 years but only have a 'minor impact' on borrowers
14th Dec 18, 1:26pm
by Gareth Vaughan
52
RBNZ proposes significant increase in bank capital requirements that will eat up 70% of the sector's profits over 5 years but only have a 'minor impact' on borrowers
'No evidence' big Aussie banks recovering levy via mortgage pricing
As Shane Jones pushes for a bank levy to support regional NZ banking services, ACCC report says Aussie bank levy costs not being passed on to mortgage borrowers
13th Dec 18, 10:38am
by Gareth Vaughan
As Shane Jones pushes for a bank levy to support regional NZ banking services, ACCC report says Aussie bank levy costs not being passed on to mortgage borrowers
Big 4 banks' 2018 profit up $433 million, dividends down $35 million
New Zealand's Australian owned banks paid the equivalent of 66% of their $5.128 billion annual profit in dividends to their parents
13th Dec 18, 10:03am
by Gareth Vaughan
New Zealand's Australian owned banks paid the equivalent of 66% of their $5.128 billion annual profit in dividends to their parents
Agriculture sector debt in 10 charts and tables
A government Farm Debt Mediation Bill would be 'a useful tool in the tool kit' Federated Farmers says as farmers' satisfaction with their banks drops
12th Dec 18, 10:13am
by Gareth Vaughan
18
A government Farm Debt Mediation Bill would be 'a useful tool in the tool kit' Federated Farmers says as farmers' satisfaction with their banks drops
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
34
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
29
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
9
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
23
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
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