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	<title>Ian Fraser &#187; Latest Articles</title>
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		<title>Deloitte and the demise of RBS</title>
		<link>http://www.ianfraser.org/deloitte-and-the-demise-of-rbs/</link>
		<comments>http://www.ianfraser.org/deloitte-and-the-demise-of-rbs/#comments</comments>
		<pubDate>Sun, 18 Dec 2011 08:38:19 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<guid isPermaLink="false">http://www.ianfraser.org/?p=5717</guid>
		<description><![CDATA[By Ian Fraser Published: Sunday Herald Date: December 18th, 2011 One of Fred Goodwin’s first acts on being appointed RBS&#8217;s chief executive in 2000 was to sack PWC as auditors and to wheel in his &#8216;alma mater&#8217;, Deloitte. Ex-insiders suggest this was because Goodwin believed that Deloitte – where he cut his teeth in the [...]]]></description>
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		<title>The FSA&#8217;s cosy deals are a travesty of regulation</title>
		<link>http://www.ianfraser.org/the-cosy-backroom-deals-favoured-by-the-fsa-are-a-travesty-of-regulation/</link>
		<comments>http://www.ianfraser.org/the-cosy-backroom-deals-favoured-by-the-fsa-are-a-travesty-of-regulation/#comments</comments>
		<pubDate>Mon, 05 Dec 2011 18:31:06 +0000</pubDate>
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		<guid isPermaLink="false">http://www.ianfraser.org/?p=5576</guid>
		<description><![CDATA[By Ian Fraser Published: QFINANCE Date: December 5th, 2011 Ever since its failures as a regulator first became widely apparent with the collapse of Northern Rock in September 2007, the UK&#8217;s Financial Services Authority has shown a remarkable lack of enthusiasm for rooting out financial crime, and very little introspection or contrition about its own pre-crisis performance. The reported [...]]]></description>
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		<title>Invista sues Lloyds over non-payment of fees</title>
		<link>http://www.ianfraser.org/invista-sures-lloyds-over-non-payment-of-fees/</link>
		<comments>http://www.ianfraser.org/invista-sures-lloyds-over-non-payment-of-fees/#comments</comments>
		<pubDate>Sat, 26 Nov 2011 23:12:51 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<guid isPermaLink="false">http://www.ianfraser.org/?p=5461</guid>
		<description><![CDATA[By Ian Fraser Published: Sunday Herald Date: November 27th, 2011 Picture: courtesy of eFinancialNews Asset managers lose patience over £500,000 unpaid bill  Lloyds Banking Group, whose shares tumbled last week on investor concern that it is in “chaos”, is being sued by an Aim-listed fund management company in which it owns a majority stake. Invista [...]]]></description>
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		<title>Diamond&#8217;s Damascene conversion on the road to St Paul&#8217;s fails to convince</title>
		<link>http://www.ianfraser.org/diamonds-damascene-conversion-on-the-road-to-st-pauls-fails-to-convince/</link>
		<comments>http://www.ianfraser.org/diamonds-damascene-conversion-on-the-road-to-st-pauls-fails-to-convince/#comments</comments>
		<pubDate>Fri, 04 Nov 2011 12:22:28 +0000</pubDate>
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		<guid isPermaLink="false">http://www.ianfraser.org/?p=5239</guid>
		<description><![CDATA[By Ian Fraser Published: QFINANCE Date: November 4th, 2011 What’s up with Barclays chief executive Bob Diamond? In January, the US-born investment banker, who had recently taken over as Barclays boss, seemed in denial about the role of banks in the destruction of the global economy. Speaking to the Treasury Select Committee in January 2011, Diamond told [...]]]></description>
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		<title>Andy Haldane&#8217;s proposals for breaking the bankers&#8217; doom loop</title>
		<link>http://www.ianfraser.org/andy-haldanes-proposals-for-breaking-the-bankers-doom-loop/</link>
		<comments>http://www.ianfraser.org/andy-haldanes-proposals-for-breaking-the-bankers-doom-loop/#comments</comments>
		<pubDate>Tue, 25 Oct 2011 07:33:17 +0000</pubDate>
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		<guid isPermaLink="false">http://www.ianfraser.org/?p=5253</guid>
		<description><![CDATA[By Ian Fraser Published: QFINANCE Date October 25th, 2011 For a central bank director, Andy Haldane is remarkably alert to the widening cracks in the global financial system. Delivering the Wincott Annual Memorial Lecture in London on October 24, Haldane tried to shake policymakers and regulators out of their complacency by calling for a &#8220;fundamental shift&#8221; [...]]]></description>
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		<title>The dukes and earls in America’s great tower of bullshit start to blink</title>
		<link>http://www.ianfraser.org/the-dukes-and-earls-in-america%e2%80%99s-great-tower-of-bullshit-are-starting-to-blink/</link>
		<comments>http://www.ianfraser.org/the-dukes-and-earls-in-america%e2%80%99s-great-tower-of-bullshit-are-starting-to-blink/#comments</comments>
		<pubDate>Thu, 20 Oct 2011 22:08:50 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<guid isPermaLink="false">http://www.ianfraser.org/?p=5155</guid>
		<description><![CDATA[By Ian Fraser Published: QFINANCE Date: October 20th, 2011 There may be a good few Maoists, Trotskyists, Anarcho-Syndicalists and even the odd deluded benefit scrounger among them, but it is simply wrong to characterize the Occupy Wall Street protestors who are camping out in 1,500 cities worldwide as wanting to overthrow capitalism, in the same way [...]]]></description>
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		<title>Big Four finally held to account</title>
		<link>http://www.ianfraser.org/big-four-finally-held-to-account/</link>
		<comments>http://www.ianfraser.org/big-four-finally-held-to-account/#comments</comments>
		<pubDate>Sun, 02 Oct 2011 19:00:32 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<guid isPermaLink="false">http://www.ianfraser.org/?p=5002</guid>
		<description><![CDATA[By Ian Fraser Published: Sunday Herald Date: October 2nd, 2011 The “Big Four” accountancy firms, whose complacency and dereliction of duty were major contributors to the banking crisis that tipped the UK into recession, could be getting their comeuppance at the hands of the European Union. The story of Deloitte, Ernst &#38; Young, KPMG and PWC [...]]]></description>
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		<title>Anonymous takes aim at the cozy world of investment analysis</title>
		<link>http://www.ianfraser.org/anonymous-takes-aim-at-the-cozy-world-of-investment-analysis/</link>
		<comments>http://www.ianfraser.org/anonymous-takes-aim-at-the-cozy-world-of-investment-analysis/#comments</comments>
		<pubDate>Wed, 28 Sep 2011 15:59:15 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<guid isPermaLink="false">http://www.ianfraser.org/?p=4997</guid>
		<description><![CDATA[By Ian Fraser Published: QFINANCE Date: September 28th, 2011 Why does anyone rely on ‘sellside’ research? The investment analysts who produce it, for free, tend to work for investment banks that also have some very big ticket services to sell, such as the underwriting of IPOs, to the very companies whose performance they are supposed [...]]]></description>
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		<title>Charting the psychological journey of the UBS &#8216;rogue&#8217; trader</title>
		<link>http://www.ianfraser.org/charting-the-psychological-journey-of-the-ubs-rogue-trader/</link>
		<comments>http://www.ianfraser.org/charting-the-psychological-journey-of-the-ubs-rogue-trader/#comments</comments>
		<pubDate>Thu, 22 Sep 2011 17:12:36 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<guid isPermaLink="false">http://www.ianfraser.org/?p=4917</guid>
		<description><![CDATA[By Ian Fraser Published: QFINANCE Date: September 22nd, 2011 The gigantic $2.3 billion losses that Union Bank of Switzerland is blaming on a Ghanaian-born “rogue” trader have added power to the elbows of all those who believe that “casino” banking ought to be completely separated from “utility” banking and should never be underwritten by the taxpayer. UBS, [...]]]></description>
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		<title>Without a proper inquiry into what went wrong, Vickers is pissing into the wind</title>
		<link>http://www.ianfraser.org/without-a-proper-inquiry-into-what-went-wrong-vickers-is-just-rearranging-deckchairs/</link>
		<comments>http://www.ianfraser.org/without-a-proper-inquiry-into-what-went-wrong-vickers-is-just-rearranging-deckchairs/#comments</comments>
		<pubDate>Wed, 14 Sep 2011 14:17:34 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<guid isPermaLink="false">http://www.ianfraser.org/?p=4801</guid>
		<description><![CDATA[By Ian Fraser Published: QFINANCE Date: September 14th, 2011 The Independent Banking Commission was established by the UK&#8217;s coalition government in June 2010 as a means of kicking a thorny and divisive issue into the long grass. At the time, the divisions within the coalition government over what to do about the UK&#8217;s bloated and dysfunctional banking sector were [...]]]></description>
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