EU probe into auditors set to be delayed November 17, 2011 MICHEL Barnier, the European commissioner, is widely expected to postpone the publication of draft legislation designed to clamp down on the market dominance of the “big four” accountancy firms next week. Barnier was planning to propose controversial changes to auditing rules to prevent potential conflicts of interest and boost competition. But the draft regulations are [...]
CITY MOVES | WHO’S SWITCHING JOBS December 12, 2011 Cushman & Wakefield The global property consultant has expanded its EMEA sustainability team by appointing Justy Mathew as sustainability analyst, based in London. He joins from Pensions & Investment Research Consultants, where he worked on corporate social responsibility. Reporting to Andries van der Walt, head of sustainability for EMEA, Mathew will deliver sustainability consultancy for [...]
CITY MOVES | WHO’S SWITCHING JOBS December 12, 2011 Cushman & Wakefield The global property consultant has expanded its EMEA sustainability team by appointing Justy Mathew as sustainability analyst, based in London. He joins from Pensions & Investment Research Consultants, where he worked on corporate social responsibility. Reporting to Andries van der Walt, head of sustainability for EMEA, Mathew will deliver sustainability consultancy for [...]
CITY MOVES | WHO’S SWITCHING JOBS December 5, 2011 Hastings Direct Liz Latter has been appointed as head of insurer development at the firm. She will work with Adrian Parry, head of Hastings’ panel development activities for the last two years, who will step back from his full-time commitments in early 2012 to pursue other commitments, but will continue to support the business. Latter [...]
CITY MOVES | WHO’S SWITCHING JOBS December 1, 2011 UniCredit The Italian commercial bank has hired Laurent Dupeyron, previously chief executive officer of Olympia Capital Management, to be the global head of wholesale and institution equity derivatives distribution. Prior to Olympia, from 1996 to 2008, he worked for Goldman Sachs in various positions in the equity derivatives and equity finance businesses, mostly as an [...]
OFT refers audit market to Competition Commission October 21, 2011 The Office for Fair Trading has referred the audit market to the Competition Commission. The continued dominance of the so-called Big Four accountants is at the heart of probe. The watchdog estimates that in 2010 PwC, KPMG, Deloitte and Ernst & Young, earned 99 per cent of audit fees paid by FTSE 100 companies, while [...]
OFT refers audit market to Competition Commission October 21, 2011 The Office for Fair Trading has referred the audit market to the Competition Commission. The continued dominance of the so-called Big Four accountants is at the heart of probe. The watchdog estimates that in 2010 PwC, KPMG, Deloitte and Ernst & Young, earned 99 per cent of audit fees paid by FTSE 100 companies, while [...]
Crunch time as firms seek women directors October 11, 2011 FORTY-FOUR per cent of the UK’s top 350 companies still have no women representatives on their boards, despite a recent push to improve boardroom diversity and encourage the appointment of female executives. Over the past decade, the proportion of women on the boards of the UK’s biggest 350 public companies has increased from five to [...]
The EC proposals for audit reform: A costly mistake December 1, 2011 THE European Commission has pulled off some feat with its proposals for audit market reform this week. It has united businesses, investors, the Big Four (Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers) and even on some points emerging and mid-sized auditors in their criticism of the proposals. How? Because the measures the Commission proposes won’t [...]
The EC proposals for audit reform: A costly mistake December 1, 2011 THE European Commission has pulled off some feat with its proposals for audit market reform this week. It has united businesses, investors, the Big Four (Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers) and even on some points emerging and mid-sized auditors in their criticism of the proposals. How? Because the measures the Commission proposes won’t [...]