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. Over recent years he has received awards in the EY Business Journalism Awards, Canon Media Awards, and Shareholders' Association Business Journalism Awards.

Member for

14 years 2 months

Latest articles

Heartland's Greenslade sees 'an appropriate juncture to move aside'

Heartland Bank includes 'training wheels buffer' within the regulatory capital held by its pending Aussie bank

9th Apr 24, 7:44am

by Gareth Vaughan

Heartland Bank includes 'training wheels buffer' within the regulatory capital held by its pending Aussie bank

How could Kiwibank gain the scale required to become the banking disruptor championed by the Commerce Commission?

Gareth Vaughan takes a look at how the Commerce Commission's suggestion of strengthening Kiwibank to enable it to better compete with its Aussie owned rivals could be accomplished

8th Apr 24, 4:38pm

by Gareth Vaughan

Gareth Vaughan takes a look at how the Commerce Commission's suggestion of strengthening Kiwibank to enable it to better compete with its Aussie owned rivals could be accomplished

Heartland unveils $210m equity raise to help get Challenger Bank buy over the line

[updated]

Heartland Bank gets indicative APRA & RBNZ approval to be the first New Zealand registered bank to acquire an Australian Authorised Deposit-Taking Institution

8th Apr 24, 9:55am

by Gareth Vaughan

Heartland Bank gets indicative APRA & RBNZ approval to be the first New Zealand registered bank to acquire an Australian Authorised Deposit-Taking Institution

An Easter weekend Top 5: RBNZ's competition reticence, landlordism, crisis management blueprint, CBDCs & a big green experiment

Gareth Vaughan on the RBNZ's competition reticence, landlordism & the housing crisis, Biden's crisis management blueprint, SWIFT & CBDCs, Germany's €23b green experiment

31st Mar 24, 6:00am

by Gareth Vaughan

Gareth Vaughan on the RBNZ's competition reticence, landlordism & the housing crisis, Biden's crisis management blueprint, SWIFT & CBDCs, Germany's €23b green experiment

ComCom eyes more stick & less carrot for banks to improve consumers' interbank payment options

Commerce Commission wants more influence over interbank payments, potentially including regulation, to increase competition and efficiency

28th Mar 24, 5:00am

by Gareth Vaughan

Commerce Commission wants more influence over interbank payments, potentially including regulation, to increase competition and efficiency

HSBC NZ annual profit tumbles after sale of mortgage portfolio

HSBC NZ books loss on sale of mortgage portfolio to Pepper Money, impairs goodwill

27th Mar 24, 9:05am

by Gareth Vaughan

HSBC NZ books loss on sale of mortgage portfolio to Pepper Money, impairs goodwill

John Small on the Commerce Commission's recipe to tackle the banking oligopoly

Commerce Commission Chairman John Small on what the market for personal banking services could look like in five years' time

24th Mar 24, 7:00am

by Gareth Vaughan

Commerce Commission Chairman John Small on what the market for personal banking services could look like in five years' time

Commerce Commission recommendations to boost bank competition see it push onto the RBNZ's turf

[updated]

Gareth Vaughan highlights how in its draft recommendations to bolster retail banking competition, the Commerce Commission is muscling in on the Reserve Bank's turf and seeking market intervention from a 3-headed government

21st Mar 24, 1:44pm

by Gareth Vaughan

Disruptive forces needed to drive change in NZ’s '2-tier oligopoly' personal banking sector, Commerce Commission says

[updated]

Boosting small banks' capital, speeding up open banking & improved bank switching among Commerce Commission recommendations to boost bank competition

21st Mar 24, 8:41am

by Gareth Vaughan

Boosting small banks' capital, speeding up open banking & improved bank switching among Commerce Commission recommendations to boost bank competition

Top 5: Pork barrel politics & a Beehive power grab, oil trading corruption, RIP Rod Oram & more

Gareth Vaughan on a big Beehive power grab, holding the country over a pork barrel, Angus Deaton rethinks economics, corruption on tape & RIP Rod Oram

20th Mar 24, 12:04pm

by Gareth Vaughan

Gareth Vaughan on a big Beehive power grab, holding the country over a pork barrel, Angus Deaton rethinks economics, corruption on tape & RIP Rod Oram

Podcast: Patrick Watson on US voters 'living in their own realities' including on the economy

Patrick Watson of Mauldin Economics on what's going on in the US economy ahead of November's presidential election

20th Mar 24, 9:21am

by Gareth Vaughan

Patrick Watson of Mauldin Economics on what's going on in the US economy ahead of November's presidential election

RBNZ sees no evidence higher than expected cost of bank capital is contributing to higher interest rates

No evidence bank capital issued as equity and subordinated debt is contributing to higher interest rates in the NZ economy, RBNZ says

19th Mar 24, 9:24am

by Gareth Vaughan

No evidence bank capital issued as equity and subordinated debt is contributing to higher interest rates in the NZ economy, RBNZ says

Bank lobbyists want RBNZ's debt-to-income limits on mortgages looser than proposed

New Zealand Banking Association calls for less restrictive debt-to-income limits for home lending than the RBNZ wants

16th Mar 24, 9:11am

by Gareth Vaughan

New Zealand Banking Association calls for less restrictive debt-to-income limits for home lending than the RBNZ wants

Slow burning moves to improve beneficial ownership info on NZ companies parked up

Coalition government not currently considering improving disclosure on the beneficial owners of NZ companies & limited partnerships

15th Mar 24, 7:44am

by Gareth Vaughan

Coalition government not currently considering improving disclosure on the beneficial owners of NZ companies & limited partnerships

Podcast: Cameron Murray on The Great Housing Hijack

Pushing through the 'cheer squad' to have a proper conversation on housing with Aussie economist Cameron Murray

14th Mar 24, 10:32am

by Gareth Vaughan

Pushing through the 'cheer squad' to have a proper conversation on housing with Aussie economist Cameron Murray

Another year of record profit for the NZ banking sector

Housing lending as a percentage of New Zealand banks' total lending reaches 70%, KPMG's annual FIPS shows

13th Mar 24, 3:16pm

by Gareth Vaughan

Housing lending as a percentage of New Zealand banks' total lending reaches 70%, KPMG's annual FIPS shows

Launch date for Depositor Compensation Scheme pushed back again

RBNZ expects some deposit rate convergence across different types of deposit takers once compensation scheme launches

12th Mar 24, 3:02pm

by Gareth Vaughan

RBNZ expects some deposit rate convergence across different types of deposit takers once compensation scheme launches

The Of Interest Podcast: We seek your feedback

Tell us what you think as we seek feedback on our Of Interest Podcast

9th Mar 24, 9:00am

by Gareth Vaughan

Tell us what you think as we seek feedback on our Of Interest Podcast

Top 5: ANZ & that OCR call, the QE theory of everything, living in the most polluted place on earth & more

Gareth Vaughan on ANZ NZ's erroneous OCR call, a $30t gamble that changed the world, tackling surcharging & more

5th Mar 24, 10:06am

by Gareth Vaughan

Gareth Vaughan on ANZ NZ's erroneous OCR call, a $30t gamble that changed the world, tackling surcharging & more

Podcast: David Mahon on China's post-Covid hangover, NZ flirting with joining AUKUS & more

Patience required as China's economy, like much of the world, deals with a Covid-19 hangover, says David Mahon in our Of Interest podcast

3rd Mar 24, 6:00am

by Gareth Vaughan

Patience required as China's economy, like much of the world, deals with a Covid-19 hangover, says David Mahon in our Of Interest podcast

RBNZ wants more and faster inflation data from Statistics NZ

Reserve Bank keen for fully fledged monthly CPI inflation data from Statistics NZ with regular reweightings

2nd Mar 24, 9:01am

by Gareth Vaughan

Reserve Bank keen for fully fledged monthly CPI inflation data from Statistics NZ with regular reweightings

ANZ NZ's December quarter profit takes a tumble

Profit at New Zealand's biggest bank fell 22% in the December quarter as non-performing loans rose above $1 billion

1st Mar 24, 9:12am

by Gareth Vaughan

Profit at New Zealand's biggest bank fell 22% in the December quarter as non-performing loans rose above $1 billion

'Necessarily thorough regulatory process' sees Heartland still awaiting Challenger approval

Heartland Group engaged in 'labour intensive' regulatory approval process with the RBNZ & APRA for Challenger Bank

28th Feb 24, 9:30am

by Gareth Vaughan

Heartland Group engaged in 'labour intensive' regulatory approval process with the RBNZ & APRA for Challenger Bank

Ex-PM John Key quits ANZ NZ & ANZ Group boards

Chairman John Key stepping down from ANZ NZ's board next month, will quit parent ANZ Banking Group's board too

27th Feb 24, 9:58am

by Gareth Vaughan

Chairman John Key stepping down from ANZ NZ's board next month, will quit parent ANZ Banking Group's board too

US MMT advocates head down under as they buckle in for 'a hell of a fight'

As US Modern Monetary Theory advocates make their case in Australia, Gareth Vaughan explains the world through their lens and how it might go down in New Zealand

24th Feb 24, 9:50am

by Gareth Vaughan

As US Modern Monetary Theory advocates make their case in Australia, Gareth Vaughan explains the world through their lens and how it might go down in New Zealand