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

Why hasn't housing affordability been a bigger focus of this election campaign?

I thought this was going to be the housing election but housing affordability has struggled for airtime. Gareth Vaughan is very disappointed about this

22nd Sep 17, 12:16pm

by Gareth Vaughan

I thought this was going to be the housing election but housing affordability has struggled for airtime. Gareth Vaughan is very disappointed about this

FMA's new strategy for tackling NZ's unintended financial services exports

The FMA issues warnings about NZ's troublesome Financial Service Providers Register in Chinese, Malay and Arabic & admits it's easier to get on it than be removed from it

22nd Sep 17, 6:02am

by Gareth Vaughan

The FMA issues warnings about NZ's troublesome Financial Service Providers Register in Chinese, Malay and Arabic & admits it's easier to get on it than be removed from it

Labour pledges review of the Responsible Lending Code

Labour Consumer Affairs spokesman Michael Wood says a Labour-led government may cap interest rates & wants Commerce Commission 'properly resourced' to protect consumers

20th Sep 17, 11:40am

by Gareth Vaughan

Labour Consumer Affairs spokesman Michael Wood says a Labour-led government may cap interest rates & wants Commerce Commission 'properly resourced' to protect consumers

Open banking based on the idea 'information like money, is valuable'

ANZ's Maile Carnegie says open banking is exciting, ANZ is preparing for it and will need to move fast

20th Sep 17, 10:17am

by Gareth Vaughan

ANZ's Maile Carnegie says open banking is exciting, ANZ is preparing for it and will need to move fast

Don't hold your breath for open banking from NZ's major banks

As Macquarie spruiks an open banking platform allowing customers to move their business in Australia, we gauge where NZ's big banks and key regulators stand on the open banking concept

19th Sep 17, 11:00am

by Gareth Vaughan

As Macquarie spruiks an open banking platform allowing customers to move their business in Australia, we gauge where NZ's big banks and key regulators stand on the open banking concept

NZ's biggest ever non-government debt issue to be redeemed

Rabobank Nederland is redeeming its NZ$900m perpetual, resettable bond issue after a decade during which the interest rate paid to investors dwindled to 2.88% from 9.48%

19th Sep 17, 5:02am

by Gareth Vaughan

Rabobank Nederland is redeeming its NZ$900m perpetual, resettable bond issue after a decade during which the interest rate paid to investors dwindled to 2.88% from 9.48%

Fullerton Markets' man in Wellington forced to leave NZ

Unlicensed forex and derivatives trader, Hurricanes sponsor and Bill English courter Fullerton Markets, applies to FMA for licence with uncertainty hanging over the future of its key man in NZ

16th Sep 17, 6:02am

by Gareth Vaughan

Unlicensed forex and derivatives trader, Hurricanes sponsor and Bill English courter Fullerton Markets, applies to FMA for licence with uncertainty hanging over the future of its key man in NZ

'I wouldn't say the NZ banking system is capitalised within the top quarter'

Credit rating agency S&P says NZ banking system capital levels not within the top quartile of global peers, RBNZ enforced higher capital requirements would be a head-wind on debt growth

15th Sep 17, 11:23am

by Gareth Vaughan

Credit rating agency S&P says NZ banking system capital levels not within the top quartile of global peers, RBNZ enforced higher capital requirements would be a head-wind on debt growth

Big 5 banks lift combined June quarter profit

Average June quarter net interest margin, cost of funds drops across New Zealand's big five banks

15th Sep 17, 11:17am

by Gareth Vaughan

Average June quarter net interest margin, cost of funds drops across New Zealand's big five banks

IT project that will 'not proceed without significant changes' still has value

Even after a $90 mln impairment, Kiwibank's now largely redundant core banking system upgrade appears to still be valued in the millions

14th Sep 17, 10:12am

by Gareth Vaughan

Even after a $90 mln impairment, Kiwibank's now largely redundant core banking system upgrade appears to still be valued in the millions

SBS Bank CEO eyes 'very sharp' credit card offering

Warehouse financial services acquisition to take SBS Bank into credit cards and beef up its fast growing subsidiary Finance Now

12th Sep 17, 12:52pm

by Gareth Vaughan

Warehouse financial services acquisition to take SBS Bank into credit cards and beef up its fast growing subsidiary Finance Now

Rabobank NZ bad debts continue rising

Rabobank June quarter profitability rises but so do impaired assets

12th Sep 17, 12:48pm

by Gareth Vaughan

Rabobank June quarter profitability rises but so do impaired assets

'Farmers are not punching bags for urban politicians'

Federated Farmers says farmers will protest in Jacinda Ardern's hometown of Morrinsville 5 days before the election over 'continued attacks on rural New Zealand'

12th Sep 17, 12:10pm

by Gareth Vaughan

127

Federated Farmers says farmers will protest in Jacinda Ardern's hometown of Morrinsville 5 days before the election over 'continued attacks on rural New Zealand'

'If we want Auckland to continue growing it's critical we bring house prices down'

Auckland University's Ryan Greenaway-McGrevy says the price of new Auckland houses must drop if housing affordability is to be significantly improved

9th Sep 17, 6:02am

by Gareth Vaughan

113

Auckland University's Ryan Greenaway-McGrevy says the price of new Auckland houses must drop if housing affordability is to be significantly improved

Margins squeezed at TSB, SBS & Co-operative banks

Strong lending growth continues at three NZ owned banks but profit takes a hit at two of them

8th Sep 17, 4:24pm

by Gareth Vaughan

Strong lending growth continues at three NZ owned banks but profit takes a hit at two of them

The NZ links to the alleged US$2.9b Azerbaijani Laundromat

NZ's Jetfield Networks & Larkstone Ltd, the US$142.5 mln tipped into the alleged Azerbaijani Laundromat, and their formally warned NZ company agent Equity Trust International

7th Sep 17, 11:07am

by Gareth Vaughan

NZ's Jetfield Networks & Larkstone Ltd, the US$142.5 mln tipped into the alleged Azerbaijani Laundromat, and their formally warned NZ company agent Equity Trust International

'We would've hoped to see more than one really big player'

Three years in FMA CEO Rob Everett disappointed there's only one big NZ P2P lender and at the dearth of SME lending being facilitated

6th Sep 17, 7:33pm

by Gareth Vaughan

Three years in FMA CEO Rob Everett disappointed there's only one big NZ P2P lender and at the dearth of SME lending being facilitated

FMA readies guidance note on BKBM

FMA CEO Rob Everett says banks are anxious about the bank bill benchmark rate with some variance in views on what is acceptable trading conduct

6th Sep 17, 9:40am

by Gareth Vaughan

FMA CEO Rob Everett says banks are anxious about the bank bill benchmark rate with some variance in views on what is acceptable trading conduct

What about a land tax?

Auckland University's Ryan Greenaway-McGrevy extols the virtues of a land tax & how one would hit both landbankers and wealthy foreigners buying NZ land

5th Sep 17, 2:46pm

by Gareth Vaughan

136

Auckland University's Ryan Greenaway-McGrevy extols the virtues of a land tax & how one would hit both landbankers and wealthy foreigners buying NZ land

'If we don't act now in five years time we won't have a business'

Gareth Vaughan looks at Kiwibank's big IT about-face and suggests the recent shareholding change at the bank is the driving force behind it

4th Sep 17, 9:58am

by Gareth Vaughan

Gareth Vaughan looks at Kiwibank's big IT about-face and suggests the recent shareholding change at the bank is the driving force behind it

How might the Commerce Commission v Harmoney case play out?

Is Harmoney merely an intermediary or is it really a creditor? Here's a look at the key issues in the P2P lender's fees court case brought by the Commerce Commission

1st Sep 17, 3:23pm

by Gareth Vaughan

Is Harmoney merely an intermediary or is it really a creditor? Here's a look at the key issues in the P2P lender's fees court case brought by the Commerce Commission

Kiwibank profit smashed by big IT impairment

Big IT project impairment hits Kiwibank's profit hard as new look board influenced by new shareholders reviews strategy

1st Sep 17, 10:00am

by Gareth Vaughan

Big IT project impairment hits Kiwibank's profit hard as new look board influenced by new shareholders reviews strategy

NZ banks used in apparent Singapore financial scam

NZ financial service provider Worldclear and local banks caught up in the activities of curious Singapore company Summit International

31st Aug 17, 11:57am

by Gareth Vaughan

NZ financial service provider Worldclear and local banks caught up in the activities of curious Singapore company Summit International

Outgoing RBNZ Governor says LVR restrictions are staying put

RBNZ Governor Graeme Wheeler sees a risk of a housing market resurgence, and a sharp lift in high loan-to-value ratio lending if LVR restrictions were removed now

30th Aug 17, 1:40pm

by Gareth Vaughan

RBNZ Governor Graeme Wheeler sees a risk of a housing market resurgence, and a sharp lift in high loan-to-value ratio lending if LVR restrictions were removed now

Steady June quarter for BNZ

BNZ net interest margin recovers and profit surges as dividend is increased

30th Aug 17, 9:53am

by Gareth Vaughan

BNZ net interest margin recovers and profit surges as dividend is increased