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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

Commerce Commission credit fees guidance finalised after 8 years
Commerce Commission's consumer credit fees guidance calls for 'reasonable' fees not used to generate profits or recover costs, but doesn't limit interest rates as long as they're disclosed and not 'oppressively high'
3rd Jul 17, 3:27pm
by Gareth Vaughan
Commerce Commission's consumer credit fees guidance calls for 'reasonable' fees not used to generate profits or recover costs, but doesn't limit interest rates as long as they're disclosed and not 'oppressively high'
Scheme to 'screw the scrum in favour of 1st home buyers' stalls
Has the Government's Welcome Home Loan scheme under-performed because of banks' relaxed credit policies?
2nd Jul 17, 8:41am
by Gareth Vaughan
6
Has the Government's Welcome Home Loan scheme under-performed because of banks' relaxed credit policies?
NZ's big banks' profitability still stacks up well internationally
Big 4 New Zealand banks still near the top of the international profit heap, despite a little belt tightening last year
28th Jun 17, 7:47am
by Gareth Vaughan
23
Big 4 New Zealand banks still near the top of the international profit heap, despite a little belt tightening last year
Are South Australians facing higher mortgage rates thanks to their bank levy?
South Australian bank levy on the parents of NZ's big 4 banks ratchets up the political risk facing the big Aussie banks, Deutsche Bank analysts say
26th Jun 17, 10:00am
by Gareth Vaughan
South Australian bank levy on the parents of NZ's big 4 banks ratchets up the political risk facing the big Aussie banks, Deutsche Bank analysts say
Burgeoning lending growth continues at SBS, Co-op Bank and TSB
Total combined assets of SBS Bank, The Co-operative Bank and TSB Bank push past $13 billion as strong residential mortgage lending growth continues
23rd Jun 17, 3:42pm
by Gareth Vaughan
Total combined assets of SBS Bank, The Co-operative Bank and TSB Bank push past $13 billion as strong residential mortgage lending growth continues
Commerce Commission forges ahead with Harmoney fees case
Despite having 2 questions knocked back by a High Court judge, the Commerce Commission says it can get the answers it needs from the 3 questions allowed in its Harmoney CCCFA case
22nd Jun 17, 9:35am
by Gareth Vaughan
Despite having 2 questions knocked back by a High Court judge, the Commerce Commission says it can get the answers it needs from the 3 questions allowed in its Harmoney CCCFA case
Lending criteria tightened at SBS as home & consumer lending rockets higher
A credit card on the agenda at SBS Bank as home loans and consumer lending through Finance Now continue to surge
21st Jun 17, 9:35am
by Gareth Vaughan
A credit card on the agenda at SBS Bank as home loans and consumer lending through Finance Now continue to surge
Banks offer svelte new principles based Code of Banking Practice
The banking industry is seeking the public's views on its proposed new, dramatically thinned down, Code of Banking Practice. But is the new Code too vague?
21st Jun 17, 5:02am
by Gareth Vaughan
10
The banking industry is seeking the public's views on its proposed new, dramatically thinned down, Code of Banking Practice. But is the new Code too vague?
Adrienne Duarte leaving BNZ to join Latitude Financial Services
BNZ chief financial officer Adrienne Duarte shifting to Melbourne to be CFO at the ex-GE personal finance business Latitude Financial Services
20th Jun 17, 1:55pm
by Gareth Vaughan
BNZ chief financial officer Adrienne Duarte shifting to Melbourne to be CFO at the ex-GE personal finance business Latitude Financial Services
Analysts see mounting pressure on interest-only borrowers hitting house prices
Adopting more conservative living expense assumptions and interest rate buffers sees Aussie parents of NZ's major banks tighten the screws on residential mortgage lending
15th Jun 17, 11:36am
by Gareth Vaughan
Adopting more conservative living expense assumptions and interest rate buffers sees Aussie parents of NZ's major banks tighten the screws on residential mortgage lending
Why NZ regulators must work closely with their counterparts overseas
The FMA's court victory over Innovative Securities shows what NZ regulators are up against with the FSPR, and why they need to cooperate with their overseas counterparts
15th Jun 17, 5:02am
by Gareth Vaughan
1
The FMA's court victory over Innovative Securities shows what NZ regulators are up against with the FSPR, and why they need to cooperate with their overseas counterparts
Has the RBNZ missed the boat on DTIs?
Gareth Vaughan suggests that whoever is in government after the September 23 election, the RBNZ's unlikely to get a DTI tool and largely has itself to blame
14th Jun 17, 5:02am
by Gareth Vaughan
36
Gareth Vaughan suggests that whoever is in government after the September 23 election, the RBNZ's unlikely to get a DTI tool and largely has itself to blame
Macro-prudential tools are used temporarily. But how long is temporary?
The RBNZ floats the idea of macro-prudential tools such as LVR and DTI restrictions becoming permanent fixtures of the borrowing and lending landscape
13th Jun 17, 5:02am
by Gareth Vaughan
6
The RBNZ floats the idea of macro-prudential tools such as LVR and DTI restrictions becoming permanent fixtures of the borrowing and lending landscape
TSB finally comes clean on Harmoney lending
TSB Bank says it has lent $50 mln in unsecured consumer lending through P2P lender Harmoney
9th Jun 17, 10:24am
by Gareth Vaughan
18
TSB Bank says it has lent $50 mln in unsecured consumer lending through P2P lender Harmoney
RBNZ says banks' high DTI data is 'erroneously high'
The RBNZ says debt to income restrictions could prevent about 10,000 borrowers from buying a house, reduce house sales volumes by about 9%, trim house prices and credit growth by up to 5%, and shave 0.1% off GDP
9th Jun 17, 7:49am
by Gareth Vaughan
48
The RBNZ says debt to income restrictions could prevent about 10,000 borrowers from buying a house, reduce house sales volumes by about 9%, trim house prices and credit growth by up to 5%, and shave 0.1% off GDP
Commerce Commission's Harmoney case narrowed but intact
First skirmish in the Commerce Commission's fees court case against P2P lender Harmoney results in something of a draw
8th Jun 17, 4:37pm
by Gareth Vaughan
First skirmish in the Commerce Commission's fees court case against P2P lender Harmoney results in something of a draw
Seven ways to boost household savings
ANZ's Cameron Bagrie suggests New Zealanders may be ready to 'eat broccoli' by making some hard economic decisions such as implementing a comprehensive capital gains tax
7th Jun 17, 12:33pm
by Gareth Vaughan
78
ANZ's Cameron Bagrie suggests New Zealanders may be ready to 'eat broccoli' by making some hard economic decisions such as implementing a comprehensive capital gains tax
ANZ processing error hits 51,000 KiwiSavers
ANZ seeking tax credit compensation for 51,000 KiwiSavers after bank discloses processing error that led to lower tax credits than savers should have received
7th Jun 17, 10:50am
by Gareth Vaughan
7
ANZ seeking tax credit compensation for 51,000 KiwiSavers after bank discloses processing error that led to lower tax credits than savers should have received
Big jump in Rabobank NZ's impaired assets
Rabobank's annual surge in impaired assets highlights the pressures felt in dairy sector over the past couple of years
6th Jun 17, 11:05am
by Gareth Vaughan
2
Rabobank's annual surge in impaired assets highlights the pressures felt in dairy sector over the past couple of years
BNZ CFO Adrienne Duarte quits
Adrienne Duarte, BNZ's chief financial officer, to leave the bank next month
2nd Jun 17, 12:15pm
by Gareth Vaughan
3
Adrienne Duarte, BNZ's chief financial officer, to leave the bank next month
Can banks bolster deposit funding by increasing their interest rates?
Shock, horror, the RBNZ concludes banks' ability to attract household deposit funding is sensitive to the interest rates they offer savers
2nd Jun 17, 10:01am
by Gareth Vaughan
15
Shock, horror, the RBNZ concludes banks' ability to attract household deposit funding is sensitive to the interest rates they offer savers
The squeeze goes on the big five banks
Big banks' net interest margins take a hit in the March quarter with cost-to-income ratios also under some pressure
2nd Jun 17, 9:44am
by Gareth Vaughan
Big banks' net interest margins take a hit in the March quarter with cost-to-income ratios also under some pressure
'The issue is specific to Kiwibank'
Kiwibank 'deconsolidates' bond issuing vehicle at a cost of $1.1 mln to resolve capital standoff with the RBNZ
1st Jun 17, 4:39pm
by Gareth Vaughan
Kiwibank 'deconsolidates' bond issuing vehicle at a cost of $1.1 mln to resolve capital standoff with the RBNZ
RBNZ 'closely monitoring' lending growth at small banks
The RBNZ notes small banks have doubled their share of new mortgage commitments since 2014, and that rapid lending growth carries risk
1st Jun 17, 9:47am
by Gareth Vaughan
1
The RBNZ notes small banks have doubled their share of new mortgage commitments since 2014, and that rapid lending growth carries risk
A debt-to-income ratio above 5 - 'that's pretty high'
RBNZ gives clearest signals yet how and where it could pitch a debt-to-income ratio restricting tool for mortgage borrowers, and which type of borrowers would be targeted
31st May 17, 12:19pm
by Gareth Vaughan
109
RBNZ gives clearest signals yet how and where it could pitch a debt-to-income ratio restricting tool for mortgage borrowers, and which type of borrowers would be targeted