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Mafioso bankers and my part in their downfall

In Article Library by Ian Fraser

By Ian Fraser Published: Sunday Herald Date: 5 February 2017 ON Thursday, two bankers and four consultants were jailed for their part in a £245 million loans scandal which caused the destruction of up to 200 viable small-business customers of the bank HBOS, and is thought to have caused losses …

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Regulating the finance sector post-Trump

In Article Library by Ian Fraser

By Ian Fraser Published: The Sunday Times Date: 22 January 2017 Maintaining stability within the global banking system looks set for further adjustments as the levers of America’s financial sector are changing hands Financial regulation is about to enter a whole new era. The incoming administration of President-elect Donald Trump has …

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We’ll all pay for this short-sighted Budget

In Article Library by Ian Fraser

By Ian Fraser Published: Scottish Daily Mail Date: 16 December 2016 Scotland’s finance secretary Derek Mackay was stumped during a recent Parliamentary committee meeting in the Holyrood parliament. The tax that replaced stamp duty, the Land and Buildings Transaction Tax, which upmarket lawyers and estate agents say has killed the …

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Top issues keeping CFOs awake at night

In Article Library by Ian Fraser

By Ian Fraser Published: The Times Date: 6 December 2016 Being responsible for an organisation’s finances is stressful enough, but there are a number of issues which may cause chief financial officers to lose sleep 1. APPRENTICESHIP LEVY Many chief financial officers view the apprenticeship levy, which debuts in April …

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Shambles over Sturgeon’s China deal is damaging Scotland

In Article Library by Ian Fraser

By Ian Fraser Published: Scottish Daily Mail Date: 9 November 2016 The unravelling of what has become known as the “Scottish shambles” isn’t just a huge embarrassment to Nicola Sturgeon and the Scottish government. It also potentially wipes out a £10 billion programme of investment in Scotland’s infrastructure and may …

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It’s time the Crown Office reopened its Royal Bank inquiry

In Article Library by Ian Fraser

By Ian Fraser Published: Daily Record Date: 12 October 2016 The former Lord Advocate, Frank Mulholland, said in May that, after a five-year probe, there was “insufficient evidence” to charge RBS executives over their stewardship of the bank. However, the Crown Office said its investigation could be reopened should fresh …

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Making it happen

In Article Library by Ian Fraser

By Ian Fraser Published: Bella Caledonia Date: 11 October 2016 We all know that the Royal Bank of Scotland went rogue under Fred Goodwin. What was less clear – until yesterday anyway – was that, eight years after it was saved from oblivion thanks to Gordon Brown and Alistair Darling’s …

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Just how corrupt is the UK?

In Blog by Ian Fraser1 Comment

By Ian Fraser 13 May 2016 How corrupt is Britain? Over the past few days quite a few people have been insisting Britain isn’t corrupt. They claim to see nothing wrong with Cameron describing countries such as Afghanistan and Nigeria, whose leaders were in London for the Anti-Corruption Summit in Lancaster House this week, …

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RBS boss Ross McEwan answers critics live on LBC

In Blog by Ian Fraser0 Comments

29 April 2016   Royal Bank of Scotland chief executive Ross McEwan appeared on LBC for a half-hour phone-in chaired by Nick Ferrari on 20th November last year. Callers included Ray Perman, former FT journalist and author of Hubris: How HBOS Wrecked The Best Bank In Britain, who asked some powerful questions …

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Why we should worry about FRC evasiveness over HBOS

In Blog by Ian Fraser1 Comment

30 March 2016 By Atul K. Shah The failure of the UK’s fifth largest bank, HBOS, led to over £52 billion of losses, and had a significant impact on jobs, pensions and savings for thousands of people. In spite of a large number of enquiries and reports, no-one has gone to …

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KPMG’s annual report—vague about ethics

In Blog by Ian Fraser0 Comments

25 March 2016 By  Atul Shah The growing size and influence of “big four” accountancy firms as they further transform themselves into global business services supermarkets is generating alarm among many who are concerned about ethics, independence and truth. Our research at Suffolk Business School has raised a number of questions …

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Guest blog: The ICAEW’s Michael Izza is wrong on UK status

In Blog by Ian Fraser1 Comment

18 March 2016 By Tony Shearer In the current issue of economia, house magazine of the Institute of Chartered Accountants in England and Wales, the institute’s chief executive Michael Izza (pictured right) let it be known that the UK had, once again, become one of the world’s ten least corrupt countries, …