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 8 months

Latest articles

Heartland eyes NZ & Aust growth opportunities outside bank regulations

Heartland Bank unveils restructure plans to 'remove business growth constraints currently arising from Reserve Bank regulations'

1st Aug 18, 9:53am

by Gareth Vaughan

Heartland Bank unveils restructure plans to 'remove business growth constraints currently arising from Reserve Bank regulations'

Heat on funding costs for Australasia's major banks

UBS economists suggest higher funding costs may be a new structural market feature for the Australian parents of New Zealand's big four banks

31st Jul 18, 4:16pm

by Gareth Vaughan

UBS economists suggest higher funding costs may be a new structural market feature for the Australian parents of New Zealand's big four banks

Qian DuoDuo fined $356k after customer due diligence failure

Auckland-based money remitter Qian DuoDuo moved almost $95m from China to NZ without having enough information to trace transactions back to their originators

31st Jul 18, 12:08pm

by Gareth Vaughan

Auckland-based money remitter Qian DuoDuo moved almost $95m from China to NZ without having enough information to trace transactions back to their originators

'There are some troubled waters out there'

Ex-PM & ANZ NZ chairman John Key tells Mike Hosking of rising loan delinquencies & problems ahead for the global economy. Finance Minister Grant Robertson & ANZ respond

30th Jul 18, 11:04am

by Gareth Vaughan

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Ex-PM & ANZ NZ chairman John Key tells Mike Hosking of rising loan delinquencies & problems ahead for the global economy. Finance Minister Grant Robertson & ANZ respond

Troubled Co-op Money NZ appoints new CEO

Acting CEO & ex chief operating officer Jonathan Lee named CEO of credit union industry association Co-op Money NZ

30th Jul 18, 9:35am

by Gareth Vaughan

Acting CEO & ex chief operating officer Jonathan Lee named CEO of credit union industry association Co-op Money NZ

Banking Ombudsman seeks more comprehensive picture of customer complaints

Work underway to boost Banking Ombudsman oversight of banks' internal dispute resolution processes as Westpac looks for lessons

27th Jul 18, 4:04pm

by Gareth Vaughan

Work underway to boost Banking Ombudsman oversight of banks' internal dispute resolution processes as Westpac looks for lessons

John Monaghan succeeds John Wilson as Fonterra chairman

Fonterra chairman John Wilson quits after serious health scare, being replaced by John Monaghan, a director of the co-operative for 10 years

27th Jul 18, 9:41am

by Gareth Vaughan

Fonterra chairman John Wilson quits after serious health scare, being replaced by John Monaghan, a director of the co-operative for 10 years

Tumultuous times in the credit union sector

Credit union industry association Co-op Money NZ battles a core banking system upgrade cost blowout, divorce from two members & other financial challenges

26th Jul 18, 5:06pm

by Gareth Vaughan

Credit union industry association Co-op Money NZ battles a core banking system upgrade cost blowout, divorce from two members & other financial challenges

Big four banks push advertising spending higher

New Zealand banks lift advertising spending 38% in first-half of 2018 led by BNZ and ANZ

26th Jul 18, 9:57am

by Gareth Vaughan

New Zealand banks lift advertising spending 38% in first-half of 2018 led by BNZ and ANZ

'A 60% higher return than bank deposits'

First Mortgage Trust - and its manager - enjoy another stellar year, predicting a 'continuation of consistent returns' for investors

20th Jul 18, 2:05pm

by Gareth Vaughan

First Mortgage Trust - and its manager - enjoy another stellar year, predicting a 'continuation of consistent returns' for investors

Government finally moving against NZ's building society exports

MBIE proposing that New Zealand registered building societies will only be allowed to provide services to New Zealanders

20th Jul 18, 5:00am

by Gareth Vaughan

MBIE proposing that New Zealand registered building societies will only be allowed to provide services to New Zealanders

'Big NZ banks could absorb material losses in downturn & remain solvent'

Stress testing shows the big 4 banks' combined pre-tax profit would tumble $32b over 5 years but they wouldn't breach capital requirements & would remain solvent, the RBNZ says

11th Jul 18, 8:48am

by Gareth Vaughan

Stress testing shows the big 4 banks' combined pre-tax profit would tumble $32b over 5 years but they wouldn't breach capital requirements & would remain solvent, the RBNZ says

Aussie owned banks face dual reporting of credit risk in NZ

RBNZ makes 'in-principle' decision for ANZ, ASB, BNZ & Westpac to be required to report credit risk through both their current internal models approach and the standardised approach

11th Jul 18, 8:38am

by Gareth Vaughan

RBNZ makes 'in-principle' decision for ANZ, ASB, BNZ & Westpac to be required to report credit risk through both their current internal models approach and the standardised approach

NZ's new BEPS tax law - a case study

Does NZ's new law 'ensuring multinationals pay tax based on the actual economic activity they carry out in NZ' apply to Visa and Mastercard?

7th Jul 18, 9:29am

by Gareth Vaughan

Does NZ's new law 'ensuring multinationals pay tax based on the actual economic activity they carry out in NZ' apply to Visa and Mastercard?

ASIC credit card report shows up NZ authorities

As NZ regulators investigate banks' conduct & culture they should take a leaf out of ASIC's book and probe the credit card market too, Gareth Vaughan argues

5th Jul 18, 1:54pm

by Gareth Vaughan

As NZ regulators investigate banks' conduct & culture they should take a leaf out of ASIC's book and probe the credit card market too, Gareth Vaughan argues

'The risk of a credit crunch is rising'

Aussie sharemarket investors no longer keen to see banks growing lending, especially investment property lending, strongly, analysts argue

4th Jul 18, 11:54am

by Gareth Vaughan

Aussie sharemarket investors no longer keen to see banks growing lending, especially investment property lending, strongly, analysts argue

TSB names Donna Cooper as its new CEO

Donna Cooper, formerly of the Warehouse Financial Services, Baycorp and American Express, to take the reins at TSB

4th Jul 18, 11:16am

by Gareth Vaughan

Donna Cooper, formerly of the Warehouse Financial Services, Baycorp and American Express, to take the reins at TSB

More than 900 mostly Christchurch investors tipped $8.3m into Ponzi scheme

Ponzi scheme operator Lance Ryan gets seven years & six months jail for 'cynically manipulating vulnerable & trusting investors' plus deceiving the FMA & Companies Office

3rd Jul 18, 1:53pm

by Gareth Vaughan

Ponzi scheme operator Lance Ryan gets seven years & six months jail for 'cynically manipulating vulnerable & trusting investors' plus deceiving the FMA & Companies Office

RBNZ to take more interest in FinTech developments

FinTechs have had a limited impact on the financial sector, with related new risks minimal and contained, the RBNZ says

2nd Jul 18, 11:37am

by Gareth Vaughan

FinTechs have had a limited impact on the financial sector, with related new risks minimal and contained, the RBNZ says

'Almost completely useless'

Anti-money laundering expert Ron Pol labels government's reasons for excluding trusts from its beneficial ownership regime 'remarkable for having been expressed out loud'

30th Jun 18, 9:11am

by Gareth Vaughan

Anti-money laundering expert Ron Pol labels government's reasons for excluding trusts from its beneficial ownership regime 'remarkable for having been expressed out loud'

Commerce Commission gets its oar in

The Commerce Commission details its role in the FMA & RBNZ led probe into the conduct & culture of banks and life insurers

29th Jun 18, 10:58am

by Gareth Vaughan

The Commerce Commission details its role in the FMA & RBNZ led probe into the conduct & culture of banks and life insurers

It's time to licence all consumer lenders

Gareth Vaughan argues the flawed Financial Service Providers' Register is a factor in consumer lending problems & it should be dumped with consumer lenders licensed

29th Jun 18, 5:00am

by Gareth Vaughan

Gareth Vaughan argues the flawed Financial Service Providers' Register is a factor in consumer lending problems & it should be dumped with consumer lenders licensed

MBIE suggests levy on lenders to help fund Commerce Commission

Ministry of Business, Innovation & Employment discussion paper details how caps on consumer lender's interest rates and fees might work

28th Jun 18, 10:21am

by Gareth Vaughan

Ministry of Business, Innovation & Employment discussion paper details how caps on consumer lender's interest rates and fees might work

Govt to 'test' whether there's a role for govt in facilitating open banking

Commerce & Consumer Affairs Minister Kris Faafoi leaving door open for interchange fees to be regulated, wants to see tangible examples of open banking working within a year

27th Jun 18, 12:00pm

by Gareth Vaughan

Commerce & Consumer Affairs Minister Kris Faafoi leaving door open for interchange fees to be regulated, wants to see tangible examples of open banking working within a year

Faafoi looking to cap interest rates and fees

Government to strengthen consumer credit laws as it aims to stop people getting caught in 'appalling debt spirals' that are very difficult to escape

27th Jun 18, 10:00am

by Gareth Vaughan

Government to strengthen consumer credit laws as it aims to stop people getting caught in 'appalling debt spirals' that are very difficult to escape