PracticeAuditKPMG considered entering credit-rating market

KPMG considered entering credit-rating market

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 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

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