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

Banks warn insurance withdrawal could leave them with stark options

Protecting mortgagees' rights 'one of the critical elements of NZ’s financial system,' banks say of climate adaptation moves

15th Nov 23, 9:37am

by Gareth Vaughan

Protecting mortgagees' rights 'one of the critical elements of NZ’s financial system,' banks say of climate adaptation moves

Is ANZ NZ the most valuable banking franchise in Australasia?

ANZ NZ financial results 'balanced very fairly across our customers and our shareholders,' CEO Antonia Watson says

14th Nov 23, 1:59pm

by Gareth Vaughan

ANZ NZ financial results 'balanced very fairly across our customers and our shareholders,' CEO Antonia Watson says

RBNZ 'building towards a higher level of foreign reserves holdings now,' Assistant Governor Karen Silk says

[updated]

Assistant Governor Karen Silk says no clear answer to the question of what the right level of foreign currency reserves the RBNZ should hold is

14th Nov 23, 1:23pm

by Gareth Vaughan

Assistant Governor Karen Silk says no clear answer to the question of what the right level of foreign currency reserves the RBNZ should hold is

Six years, lots of work & hundreds of millions of dollars later, the big banks have met new RBNZ outsourcing requirements

After years of work involving thousands of staff & hundreds of millions of dollars, the big four banks say they've met the RBNZ's new outsourcing requirements

14th Nov 23, 5:00am

by Gareth Vaughan

After years of work involving thousands of staff & hundreds of millions of dollars, the big four banks say they've met the RBNZ's new outsourcing requirements

ANZ NZ annual profit slips slightly; ANZ Group cites 16% NZ return on equity

[updated]

ANZ NZ annual profit holds above $2b despite higher loan impairments, CEO expects more stress among businesses & mortgage holders

13th Nov 23, 10:16am

by Gareth Vaughan

ANZ NZ annual profit holds above $2b despite higher loan impairments, CEO expects more stress among businesses & mortgage holders

BNZ market share growth shows it's serving customers well, CEO says, which is what the Commerce Commission wants

CEO Dan Huggins says BNZ's home loan and deposit market share growth suggests its customers are happy, as annual profit & net interest margin surge

11th Nov 23, 9:15am

by Gareth Vaughan

CEO Dan Huggins says BNZ's home loan and deposit market share growth suggests its customers are happy, as annual profit & net interest margin surge

Record annual profit for BNZ as net interest margin widens

[updated]

BNZ annual profit tops $1.5 billion led by increase in net interest income

9th Nov 23, 10:33am

by Gareth Vaughan

BNZ annual profit tops $1.5 billion led by increase in net interest income

CEO says Westpac NZ investing in 'customer impacting' changes after getting on top of risk management & regulation issues

Westpac NZ CEO Catherine McGrath says changes to come will add value for customers

9th Nov 23, 9:30am

by Gareth Vaughan

Westpac NZ CEO Catherine McGrath says changes to come will add value for customers

Christina Hood on getting to net zero and what comes next

Christina Hood explains why New Zealand is one of the easiest countries in the world in which to get to net zero emissions of greenhouse gases

8th Nov 23, 2:30pm

by Gareth Vaughan

Christina Hood explains why New Zealand is one of the easiest countries in the world in which to get to net zero emissions of greenhouse gases

Rabobank 'committed to working with RBNZ' on policy changes for banks operating in NZ as branches of overseas banks

Rabobank says it remains committed to NZ & doesn't expect any significant changes to its services as RBNZ finalises new policy for banks operating in NZ as branches of overseas banks

8th Nov 23, 1:17pm

by Gareth Vaughan

Rabobank says it remains committed to NZ & doesn't expect any significant changes to its services as RBNZ finalises new policy for banks operating in NZ as branches of overseas banks

'Branches of overseas banks haven't had a material impact on deposit & lending competition for retail customers'

RBNZ sees 'minimal impact' on wider public from tougher rules on banks operating in NZ as branches of overseas banks, touts 'onshoring' effect

8th Nov 23, 11:07am

by Gareth Vaughan

RBNZ sees 'minimal impact' on wider public from tougher rules on banks operating in NZ as branches of overseas banks, touts 'onshoring' effect

A man dressed in blue walks up the steps to the Reserve Bank of New Zealand.

The RBNZ confirms major changes for NZ branches of overseas banks

[updated]

RBNZ to restrict banks operating in NZ as branches of overseas banks to wholesale business

7th Nov 23, 2:26pm

by Gareth Vaughan

RBNZ to restrict banks operating in NZ as branches of overseas banks to wholesale business

Wage inflation, Covid savings buffers, helping Westpac NZ customers cope with higher mortgage rates

Westpac NZ 'onshores' about 200 jobs from Australia as it meets new RBNZ outsourcing requirements, fights financial crime

7th Nov 23, 9:16am

by Gareth Vaughan

Westpac NZ 'onshores' about 200 jobs from Australia as it meets new RBNZ outsourcing requirements, fights financial crime

Westpac NZ says number of mortgage holders behind on repayments down over past 6 months

[updated]

Westpac New Zealand annual profit falls as expenses, loan impairments rise. Net interest margin increases

6th Nov 23, 10:27am

by Gareth Vaughan

Westpac New Zealand annual profit falls as expenses, loan impairments rise. Net interest margin increases

The slow burning Deposit Takers Act

Reserve Bank to prepare and maintain a plan for dealing with every deposit taker in case it fails

4th Nov 23, 9:20am

by Gareth Vaughan

Reserve Bank to prepare and maintain a plan for dealing with every deposit taker in case it fails

Open minds and out-of-the-box thinking needed in our changing world

Change, along with death & taxes, is a certainty in life with none of us knowing exactly what's around the corner. So Gareth Vaughan's pleased to see at least one central banker is thinking about change

2nd Nov 23, 1:20pm

by Gareth Vaughan

Centrix sees post-election rise in mortgage enquiries

Credit bureau Centrix says company liquidations are on the rise, with credit defaults climbing 'across the board' in September

1st Nov 23, 5:00am

by Gareth Vaughan

Credit bureau Centrix says company liquidations are on the rise, with credit defaults climbing 'across the board' in September

Analysts expect 'some fairly terse conversations' between auditors & banks' management

Citi analysts question loan provision levels being held by Australasia's big 4 banks, saying 'we expect the auditors would have some probing questions'

31st Oct 23, 9:21am

by Gareth Vaughan

Citi analysts question loan provision levels being held by Australasia's big 4 banks, saying 'we expect the auditors would have some probing questions'

Online grocery group Supie in voluntary administration

[updated]

PwC appointed voluntary administrator of Supie, with initial estimates suggesting creditors are owed about $3m as grocery watchdog reveals 'top 3' on his fix-it list for supermarket sector

30th Oct 23, 12:30pm

by Gareth Vaughan

PwC appointed voluntary administrator of Supie, with initial estimates suggesting creditors are owed about $3m as grocery watchdog reveals 'top 3' on his fix-it list for supermarket sector

What reserve stocks should NZ store in the last bus stop on the planet?

The Covid-19 pandemic and other recent global disruptions have heightened awareness of New Zealand's exposure to them. So in an uncertain world, how well prepared are we for future shocks?

28th Oct 23, 8:30am

by Gareth Vaughan

The Covid-19 pandemic and other recent global disruptions have heightened awareness of New Zealand's exposure to them. So in an uncertain world, how well prepared are we for future shocks?

Share buybacks & dividends in focus as big Australasian banks ready annual results

Morgan Stanley analysts give their share buyback and dividend outlook ahead of big bank reporting season

27th Oct 23, 9:09am

by Gareth Vaughan

Morgan Stanley analysts give their share buyback and dividend outlook ahead of big bank reporting season

Demand for unsecured personal loans on the rise

Equifax says consumer debt demand rose year-on-year in the September quarter, boosted by unsecured personal loans

26th Oct 23, 10:09am

by Gareth Vaughan

Equifax says consumer debt demand rose year-on-year in the September quarter, boosted by unsecured personal loans

ComCom's banking market study, 'a game played by professionals against amateurs'

Commerce Commission criticised for 'technocratic rather than democratic' bank competition probe, by consultancy Habilis, which wants it to protect the weak rather than play the role of a neutral umpire

25th Oct 23, 11:52am

by Gareth Vaughan

Westpac NZ suggests 'transferable AML/CFT' to bolster bank switching

Westpac floats idea of mutual anti-money laundering due diligence across banks to help improve the customer switching experience

21st Oct 23, 10:11am

by Gareth Vaughan

Westpac floats idea of mutual anti-money laundering due diligence across banks to help improve the customer switching experience

RBNZ could broaden access to its settlement accounts with more parties wanting in

[updated]

RBNZ mulls giving non-bank deposit takers access to settlement accounts so they don't have to go through the big banks who get the financial benefit

19th Oct 23, 2:42pm

by Gareth Vaughan

RBNZ mulls giving non-bank deposit takers access to settlement accounts so they don't have to go through the big banks who get the financial benefit