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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

'More intensive approach' to bank oversight by the RBNZ recommended
IMF calls for a more intensive approach to bank supervision from the RBNZ, deposit insurance and a debt-to-income cap tool in its Financial Sector Assessment Program report on NZ
9th May 17, 7:53am
by Gareth Vaughan
26
IMF calls for a more intensive approach to bank supervision from the RBNZ, deposit insurance and a debt-to-income cap tool in its Financial Sector Assessment Program report on NZ
Mortgage rate increases from Kiwibank
Kiwibank hikes floating, offset and revolving mortgage rates by 15 basis points each
8th May 17, 1:39pm
by Gareth Vaughan
6
Kiwibank hikes floating, offset and revolving mortgage rates by 15 basis points each
'Competition is favouring deposit customers'
Westpac NZ ekes out 2% rise in half-year cash earnings as loan impairments fade away. Deposits drop $700 mln over half-year
8th May 17, 9:57am
by Gareth Vaughan
19
Westpac NZ ekes out 2% rise in half-year cash earnings as loan impairments fade away. Deposits drop $700 mln over half-year
RBNZ expected to bring forward its forecast for interest rate rises
Official Cash Rate set to remain at 1.75% but RBNZ's MPS to be perused closely for forecasts on future hikes, inflation outlook and comments on the softening housing market
8th May 17, 8:23am
by Gareth Vaughan
4
Official Cash Rate set to remain at 1.75% but RBNZ's MPS to be perused closely for forecasts on future hikes, inflation outlook and comments on the softening housing market
NZ bank capital 'very conservative the way it is today'
BNZ's Anthony Healy & Adrienne Duarte suggest reducing big banks' use of internal capital models would risk skewing capital allocation towards higher risk assets
5th May 17, 10:44am
by Gareth Vaughan
BNZ's Anthony Healy & Adrienne Duarte suggest reducing big banks' use of internal capital models would risk skewing capital allocation towards higher risk assets
ANZ's David Hisco on the best job he has ever had
'This is a fantastic job. It's the best job I've probably ever had,' says ANZ's David Hisco as he sets sights on ANZ NZ becoming 'one of the great digital banks in the world'
5th May 17, 9:56am
by Gareth Vaughan
'This is a fantastic job. It's the best job I've probably ever had,' says ANZ's David Hisco as he sets sights on ANZ NZ becoming 'one of the great digital banks in the world'
BNZ boss predicts higher mortgage rates
BNZ half-year profit falls 8% as bank's net interest margin sheds 12 basis points. CEO Anthony Healy predicts pressure on bank lending margins will increase customers' loan interest rates
4th May 17, 10:36am
by Gareth Vaughan
17
BNZ half-year profit falls 8% as bank's net interest margin sheds 12 basis points. CEO Anthony Healy predicts pressure on bank lending margins will increase customers' loan interest rates
Auckland home loan market 'looking a little bit easier'
Air has been coming out of the Auckland housing market balloon slowly which is good, ANZ NZ CEO David Hisco says
4th May 17, 5:02am
by Gareth Vaughan
20
Air has been coming out of the Auckland housing market balloon slowly which is good, ANZ NZ CEO David Hisco says
'We're leading the way on scaled agile', says Hisco
ANZ Australia trying to catch up to ANZ New Zealand with introduction of 'scaled agile' working approach, ANZ NZ CEO David Hisco says
3rd May 17, 10:36am
by Gareth Vaughan
ANZ Australia trying to catch up to ANZ New Zealand with introduction of 'scaled agile' working approach, ANZ NZ CEO David Hisco says
'The New Zealand FSP regulatory effectiveness is not strong'
Four NZ financial service providers, an infamous Taylor, a curious director & shareholder, China, the Gold Coast, and the world's easiest country to start a business in
2nd May 17, 8:01pm
by Gareth Vaughan
1
Four NZ financial service providers, an infamous Taylor, a curious director & shareholder, China, the Gold Coast, and the world's easiest country to start a business in
Could the RBNZ finally enforce a leverage ratio on banks?
RBNZ details wide ranging bank capital adequacy review noting internal models approach used by big 4 banks has potentially undermined the effectiveness of market discipline
2nd May 17, 11:33am
by Gareth Vaughan
1
RBNZ details wide ranging bank capital adequacy review noting internal models approach used by big 4 banks has potentially undermined the effectiveness of market discipline
ANZ NZ interim profit up 14%
ANZ NZ half-year profit rises 14% to NZ$869 mln as income rises as expenses and credit impairments fall
2nd May 17, 10:20am
by Gareth Vaughan
34
ANZ NZ half-year profit rises 14% to NZ$869 mln as income rises as expenses and credit impairments fall
Big bank results swing into focus
Half-year results due over the next week from ANZ, BNZ's parent NAB and Westpac, with a third quarter trading update from ASB's parent CBA
1st May 17, 9:38am
by Gareth Vaughan
Half-year results due over the next week from ANZ, BNZ's parent NAB and Westpac, with a third quarter trading update from ASB's parent CBA
Bank funding costs down 30% in 2 years
Latest KPMG quarterly FIPS highlights lower bank funding costs, rising returns on equity, margin pressure, profit growth and slower lending growth
28th Apr 17, 5:02pm
by Gareth Vaughan
Latest KPMG quarterly FIPS highlights lower bank funding costs, rising returns on equity, margin pressure, profit growth and slower lending growth
FIRST Union urges big banks to put customers ahead of sales
Bank workers union offers to work alongside ANZ NZ, ASB, BNZ & Westpac NZ to implement culture change to a customer service first approach from a sales first approach in retail banking
27th Apr 17, 10:47am
by Gareth Vaughan
Bank workers union offers to work alongside ANZ NZ, ASB, BNZ & Westpac NZ to implement culture change to a customer service first approach from a sales first approach in retail banking
Promotion for Geoff Bascand at the RBNZ
RBNZ Deputy Governor Geoff Bascand stepping up as Head of Financial Stability from September
26th Apr 17, 10:46am
by Gareth Vaughan
RBNZ Deputy Governor Geoff Bascand stepping up as Head of Financial Stability from September
Bringing the USA PATRIOT Act to NZ?
Banks want a section from the controversial USA PATRIOT Act added to NZ's Anti-Money Laundering & Countering Financing of Terrorism Act
26th Apr 17, 9:22am
by Gareth Vaughan
Banks want a section from the controversial USA PATRIOT Act added to NZ's Anti-Money Laundering & Countering Financing of Terrorism Act
Does NZ need a banking competition probe?
As Australia's government prepares to formally review banking competition in its oligopolistic market, should NZ be doing the same?
22nd Apr 17, 9:46am
by Gareth Vaughan
12
As Australia's government prepares to formally review banking competition in its oligopolistic market, should NZ be doing the same?
Banks 'will change the way they pay and reward their retail staff'
Major Aussie banks move quickly to act on recommendations they change how they pay retail banking staff, NZ banks 'support customer first obligations'
20th Apr 17, 9:36am
by Gareth Vaughan
Major Aussie banks move quickly to act on recommendations they change how they pay retail banking staff, NZ banks 'support customer first obligations'
Apple Pay, Samsung Pay & Android Pay user base seen topping 500 mln
Juniper Research sees users of the likes of Apple Pay, Samsung Pay and Google's Android Pay reaching 56% of total mobile contactless payment users by 2021
19th Apr 17, 9:50am
by Gareth Vaughan
Juniper Research sees users of the likes of Apple Pay, Samsung Pay and Google's Android Pay reaching 56% of total mobile contactless payment users by 2021
$28.5 bln of NZ mortgages providing security for covered bondholders
About 11.4% of NZ home loans, and 12.1% by value, are now providing security for covered bonds issued by NZ banks to predominantly overseas institutional investors
17th Apr 17, 7:55am
by Gareth Vaughan
21
About 11.4% of NZ home loans, and 12.1% by value, are now providing security for covered bonds issued by NZ banks to predominantly overseas institutional investors
NZ banking system 'relatively resilient to negative shocks involving a housing correction'
Moody's says house price increases in NZ 'closely resemble' those in Spain, Ireland and the US on the eve of their housing market crashes
12th Apr 17, 2:15pm
by Gareth Vaughan
42
Moody's says house price increases in NZ 'closely resemble' those in Spain, Ireland and the US on the eve of their housing market crashes
Bank of China NZ gets $160 mln capital injection
Chinese government controlled Bank of China Ltd injects capital into NZ subsidiary, boosting its ability to grow lending
12th Apr 17, 10:04am
by Gareth Vaughan
8
Chinese government controlled Bank of China Ltd injects capital into NZ subsidiary, boosting its ability to grow lending
Westpac NZ in €1 billion covered bond issue
Latest euro covered bond issue from Westpac NZ prices at tightest margin over swap by a NZ bank to date, Treasurer 'pleased with reception and pricing'
11th Apr 17, 5:02pm
by Gareth Vaughan
Latest euro covered bond issue from Westpac NZ prices at tightest margin over swap by a NZ bank to date, Treasurer 'pleased with reception and pricing'
The curious case of Pegasus Markets & Solid Global Investment
Pegasus Markets and Solid Global Investment, two NZ financial service providers and their misleading statements
11th Apr 17, 12:13pm
by Gareth Vaughan
2
Pegasus Markets and Solid Global Investment, two NZ financial service providers and their misleading statements