2011/03/31

Dereliction of duty, errors, conflicts of interest

Blame for Britain's banking implosion is now being spread far and wide. Latest in the firing line are auditors Deloitte, KPMG, Ernst & Young and PwC who are accused by a House of Lords committee of a 'dereliction of duty' in not sharing vital information with regulators.

This comes hot on the heels of a working paper from the Bank of England earlier this week which focused on the serious errors of the credit rating agencies and their conflicts of interest. dailymail

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