Accountancy Age, Accountancy Age, Monday 17 May 2010 at 09:39:00

Head of Big Four firm said it is "plausible" to enter rating industry


The head of Big Four firm KPMG is ?passively considering? entering the creditrating agency business but believes obstacles may be too great, theFinancialTimes reports.

John Griffith Jones, chairman of KPMG UK, said while starting a credit ratingarm was a ?plausible? move, fears of conflicts of interest ?probably makes itimpractical?.

?It is something that we talk about as a plausible thing to do. It iseffectively something we would be proficient at doing,? he said.

?But it?s not on the agenda at the moment.?

Further reading:

KPMG andPwC eye rating move