big four

big four consultant

Massive KPMG fine: the straw that breaks the Big Four’s back?

 | Accountancy giants KPMG are set to pay €44 million in fines to settle allegations by the U.S. Securities and Exchange Commission (SEC) that the audit firm, one of the so-called Big Four, inappropriately altered already-complete audits. KPMG is accused of illegally obtaining information that several of their clients were in line for investigation by an American non-profit in charge of overseeing the audits of public companies—and then subsequently doctoring records to conceal transgressions.

John Holland

John Holland: “Stress tests for asset managers? Of course!”

MADRID | May 13, 2015 | By Ana FuentesProfessor at the Adam Smith Business School at Glasgow University, John Holland says financial institutions have become too complex for the general public and there is a crisis of confidence in banking and financial capitalism. He insists Basel III is not sufficient to regulate the banks and supports proposals to split up the different banking activities. This is the first part of our conversation.