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

'A cultural check, and if needed a cultural readjustment, is extremely timely'

'You're in New Zealand,' RBNZ's Adrian Orr tells overseas owned, NZ operating banks, and your behaviour needs to be consistent with our laws and expectations

11th May 18, 9:38am

by Gareth Vaughan

'You're in New Zealand,' RBNZ's Adrian Orr tells overseas owned, NZ operating banks, and your behaviour needs to be consistent with our laws and expectations

ANZ crediting customers about $10m after loan calculator problems

Commerce Commission probes problems with ANZ loan calculator that undercharged interest to about 100,000 customers

9th May 18, 12:39pm

by Gareth Vaughan

Commerce Commission probes problems with ANZ loan calculator that undercharged interest to about 100,000 customers

NZ Royal Commission would be 'big mistake' says Westpac NZ CEO

Westpac NZ CEO David McLean says Aussie Royal Commission chance for NZ to get a free ride, defends vertically integrated banking model, sees increased mortgage market competition

8th May 18, 12:02pm

by Gareth Vaughan

Westpac NZ CEO David McLean says Aussie Royal Commission chance for NZ to get a free ride, defends vertically integrated banking model, sees increased mortgage market competition

Westpac NZ welcomes chance to 'show differences' between NZ & Australian banking environments

Westpac NZ posts increase in half-year cash earnings as income rises and expenses fall. Net interest margin rises 19 basis points

7th May 18, 10:11am

by Gareth Vaughan

Westpac NZ posts increase in half-year cash earnings as income rises and expenses fall. Net interest margin rises 19 basis points

Regulators turn the temperature up on NZ banks

FMA & RBNZ tell banks the window for them to show consumers & regulators they can have full confidence in the NZ financial services industry is narrow with proactive leadership required

4th May 18, 2:33pm

by Gareth Vaughan

FMA & RBNZ tell banks the window for them to show consumers & regulators they can have full confidence in the NZ financial services industry is narrow with proactive leadership required

BNZ providing FMA 'proof points' to prove it's better behaved than Aussie banks

BNZ CEO Angela Mentis says systemic bad bank behaviour happening in Australia is not happening at BNZ, but the NZ bank's not complacent

4th May 18, 9:54am

by Gareth Vaughan

BNZ CEO Angela Mentis says systemic bad bank behaviour happening in Australia is not happening at BNZ, but the NZ bank's not complacent

BNZ posts 18% increase in interim profit

BNZ half-year profit surges to $490 mln as lower funding costs help boost the bank's net interest margin, new CEO says BNZ is not complacent about the issues emerging from Australia

3rd May 18, 10:32am

by Gareth Vaughan

BNZ half-year profit surges to $490 mln as lower funding costs help boost the bank's net interest margin, new CEO says BNZ is not complacent about the issues emerging from Australia

There's no reason to have a NZ Royal Commission yet

Gareth Vaughan probes the FMA & RBNZ's demand for NZ banks to prove they're better behaved than their Aussie parents & concludes the argument for a Royal Commission doesn't stake up at this point

3rd May 18, 10:01am

by Gareth Vaughan

Gareth Vaughan probes the FMA & RBNZ's demand for NZ banks to prove they're better behaved than their Aussie parents & concludes the argument for a Royal Commission doesn't stake up at this point

ANZ wants to 'maximise UDC's price when the time's right'

ANZ NZ understands why the OIO blocked its planned sale of UDC, CEO David Hisco says, and still aims to sell the finance company but isn't in a hurry

3rd May 18, 9:36am

by Gareth Vaughan

ANZ NZ understands why the OIO blocked its planned sale of UDC, CEO David Hisco says, and still aims to sell the finance company but isn't in a hurry

What change will an outsider bring as Kiwibank's new CEO?

Gareth Vaughan expects incoming CEO Steve Jurkovich to bring a new approach to Kiwibank, and fit in well with the state owned bank's NZ Super Fund and ACC shareholders

2nd May 18, 11:59am

by Gareth Vaughan

Gareth Vaughan expects incoming CEO Steve Jurkovich to bring a new approach to Kiwibank, and fit in well with the state owned bank's NZ Super Fund and ACC shareholders

'We're sort of in the game and it is quite competitive out there'

CEO David Hisco says ANZ NZ's lending appetite is 'pretty good for good projects' against a backdrop of reduced market share in home loans & business lending

2nd May 18, 10:51am

by Gareth Vaughan

CEO David Hisco says ANZ NZ's lending appetite is 'pretty good for good projects' against a backdrop of reduced market share in home loans & business lending

'We feel pretty comfortable that we don't have those sorts of horror stories'

ANZ NZ's message to its regulators in the wake of the Australian Royal Commission on Financial Services is 'come and have a look', CEO David Hisco says

2nd May 18, 8:21am

by Gareth Vaughan

ANZ NZ's message to its regulators in the wake of the Australian Royal Commission on Financial Services is 'come and have a look', CEO David Hisco says

Big NZ banks told to prove they are different to their Aussie parents

FMA's CEO Rob Everett & RBNZ Governor Adrian Orr tell NZ's big bank CEOs to prove their banks are different to their Aussie parents

2nd May 18, 7:39am

by Gareth Vaughan

FMA's CEO Rob Everett & RBNZ Governor Adrian Orr tell NZ's big bank CEOs to prove their banks are different to their Aussie parents

'CBA’s continued financial success dulled the senses of the institution'

ASB's parent Commonwealth Bank of Australia gives enforceable undertaking to APRA after prudential inquiry into the bank, has to hold A$1 bln of extra capital

1st May 18, 11:10am

by Gareth Vaughan

ASB's parent Commonwealth Bank of Australia gives enforceable undertaking to APRA after prudential inquiry into the bank, has to hold A$1 bln of extra capital

ANZ NZ posts record high $964 mln half-year profit

ANZ NZ interim profit climbs 11% to NZ$964 mln as net interest margin rises. Loan impairments rise, revenue growth narrowly ahead of increase in expenses

1st May 18, 10:03am

by Gareth Vaughan

ANZ NZ interim profit climbs 11% to NZ$964 mln as net interest margin rises. Loan impairments rise, revenue growth narrowly ahead of increase in expenses

Capital Trust Group, no ordinary New Zealand company

Company with a website where access is by invitation only, that claims to both manage US$11 bln of oil & gas assets & have expertise in blockchain technology, eyes NZX IPO

1st May 18, 9:46am

by Gareth Vaughan

Company with a website where access is by invitation only, that claims to both manage US$11 bln of oil & gas assets & have expertise in blockchain technology, eyes NZX IPO

Orr's wish-list includes more staff to oversee bank regulation & a DTI tool

RBNZ Governor says differences between deposit insurance & minimum deposit not frozen in OBR scenario are 'technicalities', NZ banks searching for 'skeletons' against backdrop of Aussie Royal Commission

28th Apr 18, 9:30am

by Gareth Vaughan

Ex-ASB executive Steve Jurkovich named Kiwibank's new CEO

Steve Jurkovich, who oversaw strong growth of ASB's rural and corporate lending, to succeed Paul Brock as new Kiwibank CEO

26th Apr 18, 10:41am

by Gareth Vaughan

Steve Jurkovich, who oversaw strong growth of ASB's rural and corporate lending, to succeed Paul Brock as new Kiwibank CEO

ComCom unveils issues for consideration in Ingenico-Paymark deal

Commerce Commission to probe the level of constraint Ingenico and Paymark impose on each other for digital gateway services when mulling Ingenico's proposed Paymark takeover

24th Apr 18, 9:49am

by Gareth Vaughan

Commerce Commission to probe the level of constraint Ingenico and Paymark impose on each other for digital gateway services when mulling Ingenico's proposed Paymark takeover

Neither Faafoi nor Orr see a need for an NZ banking Royal Commission

Despite the revelations from Australia's Financial Services Royal Commission going from bad to worse, don't expect the local offshoots of Australia's big banks to face the same scrutiny in NZ

23rd Apr 18, 10:39am

by Gareth Vaughan

Despite the revelations from Australia's Financial Services Royal Commission going from bad to worse, don't expect the local offshoots of Australia's big banks to face the same scrutiny in NZ

Big decision looms for Commerce & Consumer Affairs Minister Kris Faafoi

The debate & lobbying over whether retail payments ought to be regulated in NZ bubbled to the surface again this week, with the ball slowly but surely moving firmly into the government's court

22nd Apr 18, 5:45pm

by Gareth Vaughan

The debate & lobbying over whether retail payments ought to be regulated in NZ bubbled to the surface again this week, with the ball slowly but surely moving firmly into the government's court

Name suppression issue dominates early skirmishes in FMA court case

Lawyer for company director facing charges brought by the FMA details client's determination to retain name suppression

19th Apr 18, 11:59am

by Gareth Vaughan

Lawyer for company director facing charges brought by the FMA details client's determination to retain name suppression

Westpac Group touts costs to customers and itself from open banking

Westpac Australia says introducing open banking could cost it more than A$200 mln and its customers up to A$250 mln a year

17th Apr 18, 4:58pm

by Gareth Vaughan

Westpac Australia says introducing open banking could cost it more than A$200 mln and its customers up to A$250 mln a year

Director granted interim name suppression in FMA case

Director with interim name suppression says company they represented is outside the jurisdiction of NZ law in case taken by the FMA

16th Apr 18, 4:07pm

by Gareth Vaughan

Director with interim name suppression says company they represented is outside the jurisdiction of NZ law in case taken by the FMA

It's a stain on our name & we don't need it. So why do we still have it?

Gareth Vaughan looks at MBIE's latest plans to clean up NZ's problematic Financial Service Providers' Register & reiterates his earlier call for the Government to abolish it

14th Apr 18, 9:32am

by Gareth Vaughan

Gareth Vaughan looks at MBIE's latest plans to clean up NZ's problematic Financial Service Providers' Register & reiterates his earlier call for the Government to abolish it