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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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On the trail of Fred the Shred

In Article Library by Ian Fraser2 Comments

By Ian Fraser Published: Sunday Herald Date: 8 June 2014 Ian Fraser’s new book, Shredded – Inside RBS: the Bank that Broke Britain, has been acclaimed as the definitive account of the crisis. Here he reflects on the 13 things he learned along the long, hard road to publication (1) …

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Britain’s corporate failures invite a governance revolution

In Blog by Ian Fraser0 Comments

November 18th, 2012 Image: WilliamBanzai7 The bigwigs of the City of London, corporate governance ‘gurus’ in asset-management firms and leading figures from FTSE-100 companies have a penchant for patting themselves on the back over the brilliance of the corporate governance framework they have erected over the past two decades. The UK Corporate Governance …

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Guest post: The parable of the bailouts

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October 18th, 2012 By Tom Nicol ‘Then the flying machines started falling from the sky.’ Once upon a time in the Westerlands, people became aware of a developing phenomenon: flying machines were falling from the sky with a great deal more regularity than was previously the case. Understandably, the people …

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Banking’s ‘Milly Dowler’ moment

In Blog by Ian Fraser2 Comments

June 29th, 2012 This is banking’s ‘Milly Dowler’ moment. Finally the blinkers are off and the rest of the world (by which I mean people like leading politicians and the mainstream commentariat) is waking up to the culture of self serving greed and corruption that has infested the UK’s banking …

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RBS and NatWest customers offered range of ethical choices

In Blog by Ian Fraser2 Comments

6 February 2012 People approaching Royal Bank of Scotland and NatWest cash machines are increasingly likely to be offered a range of ethical choices before being able to withdraw their cash. Given the Edinburgh-based bank’s failure to properly reform itself in the wake of its October 2008 taxpayer-funded bailout, and …

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The City needs rehab; it’ll say ‘no, no, no’

In Blog by Ian Fraser1 Comment

11 August 2011 When my ex-boss Roger Neill launched the Centre for Creativity at City University London in winter of 2009, he staged a “Big City Brainstorm” which pulled together a diverse group of people – including several from the City of London. Roger and other people behind the Centre for …

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It’s time investors saw sense and stopped giving credence to rating agencies

In Blog by Ian Fraser1 Comment

10 June 2011 Given their woeful behaviour in the run-up to the global financial crisis, one might have thought the credit rating agencies would be discredited by now. One of the agencies’ biggest mistakes was their rampant mislabelling of residential mortgage-backed securities (RMBS) and collateralized debt obligations (CDOs) during the credit bubble in 2004-07. At the …