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Paul Moore: Why Griffith-Jones must step down as FCA chairman

John Griffith Jones ex KPMG, currently with FCA

April 20th, 2013 Trust in UK financial regulation and auditing cannot be rebuilt unless John Griffith-Jones (pictured right) steps down as chairman of the Financial Conduct Authority, writes HBOS whistleblower Paul Moore, who is also calling for a public inquiry into KPMG’s pre-crash audits of the collapsed bank HBOS. The need for such an inquiry was reinforced on 11 April, […]

April 20th, 2013 | Posted in Blog | Read More »

Salmond’s £1.7 million bung to KPMG is a kick in the teeth for taxpayers

Alex Salmond Retains His Post As First Minister And Creates Scotland's First Majority Government

April 11th, 2013 Yesterday, the government of first minister Alex Salmond gave a £1.7 million Regional Selective Assistance grant to the ‘Big Four’ accountancy firm KPMG to establish a tax avoidance centre in Glasgow. To me this is an astonishing waste of public money, a kick in the teeth to ordinary taxpayers, detrimental to the long-term […]

April 11th, 2013 | Posted in Blog | Read More »

Something sinister about the lack of prosecutions at Lehman Brothers

Lehman Brothers

January 24th, 2013 This is the first interview that Chicago lawyer Anton Valukas has given since the publication of his 2,292 page report into the bankrutpcy of Lehman Brothers on March 11th, 2010. At that time, Valukas found strong evidence of financial and accounting fraud designed to deceive investors at the defunct New York-based investment […]

January 24th, 2013 | Posted in Blog | Read More »

Jesse Eisinger: We’ve created a system that rewards bankers for skulduggery and fraud

Jesse Eisinger

January 4th, 2012 In this interview Pullitzer-prize-winning US financial journalist Jesse Eisinger comments on the balance sheet obfuscation still favoured by America’s banks and on why no chief executive of a US bank, or indeed any other senior banker (with the possible exception of a couple in Ireland and Iceland), has been prosecuted or jailed for […]

January 4th, 2013 | Posted in Blog | Read More »

Financial regulation: With Griffith-Jones’ appointment, Britain keeps it in the family

John Griffith Jones chairman KPMG

By Ian Fraser Published: Qfinance Date: June 18th, 2012 I was surprised and exasperated to learn last week that chancellor George Osborne has rubber-stamped the appointment of John Griffith-Jones, the senior partner of KPMG, as chairman-designate of the Financial Conduct Authority, one of the two financial regulators that will take over from the soon-to-be-disbanded FSA. As […]

June 18th, 2012 | Posted in Article Library,Blog | Read More »

Once again, the banks reveal the great miracle of solvency

numbers binary

January 18th, 2012 Ian Fraser’s introduction: This blog was written by Golem XIV, a pseudonym for filmmaker and author David Malone.   The lies which got us to the purgatory we are in are being told all over again, right now, inside every bank in the Western world. Not by accident but on purpose, by men with […]

January 18th, 2012 | Posted in Blog | Read More »

Looks like Fred Goodwin may face criminal charges after all

Fred Goodwin

December 14th, 2011 An edited version of this blog post is available at Huffington Post UK The FSA spent an estimated £10m on its report into the failure of RBS, including £7.7m paid to ‘Big Four’ accountants PWC. But the Canary Wharf-based regulator has lived up to its name (the Fundamentally Supine Authority) and concluded […]

December 14th, 2011 | Posted in Blog | Read More »

Big Four finally held to account

Michel Barnier

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 & Young, KPMG and PWC […]

October 2nd, 2011 | Posted in Article Library,Latest Articles | Read More »

Italy offers a warning

Italian Prime Minister Silvio Berlusconi looks on during a news conference at Chigi palace in Rome

By Ian Fraser Published: Sunday Herald Date: July 17th, 2011 There aren’t many signs of national bankruptcy in Siena. There is the odd boarded-up shop and the occasional “everything under 99c” store but the cafes are full and la dolce vita goes on. So it came as a shock to find that Italy is being lined […]

July 17th, 2011 | Posted in Article Library,Latest Articles | Read More »

Accountancy lost sight of its primary role to the detriment of us all

Old fashioned accountants

By Ian Fraser Published: QFINANCE Date: July 11th, 2011 Accountancy has changed beyond recognition since the 1970s. At that time the accountancy professor Roy Sidebotham wrote: “There seems to be no limit to the optimism of businessmen… which the growing complexity of the market opens up. The first line of defence of investors and creditors is the […]

July 11th, 2011 | Posted in Article Library,Blog | Read More »

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