KPMG considered entering credit-rating market

The head of Big Four firm KPMG is “passively considering” entering the credit rating agency business but believes obstacles may be too great, the Financial Times reports.

John Griffith Jones, chairman of KPMG UK, said while starting a credit rating arm was a “plausible” move, fears of conflicts of interest “probably makes it impractical”.

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

“But it’s not on the agenda at the moment.”

Further reading:

KPMG and PwC eye rating move