The case, due to start today, has been postponed until Thursday to see if a settlement can be reached between E&Y, acting on behalf of Barings’ creditors, and the bank’s former auditors, Coopers & Lybrand and Deloitte & Touche.
E&Y alleges that its Big Five rivals were negligent in failing to unearth the activities of Barings trader Nick Leeson, whose trading brought the bank down.
It is thought that the second delay indicates that the parties are close to agreeing a settlement.
When the case was delayed for the first time last week, Deloittes said it was ready to contest the case.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel