Accountancy Age

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KPMG is facing another Financial Reporting Council (FRC) investigation, this time into its activities at the Bank of New York Mellon. The probe concerns the bank’s London branch and BNY Mellon International and relates to KPMG’s role in reporting to the then Financial Services Authority on BNY Mellon’s compliance with its client asset rules for a period spanning five years, between 2007 and 2011. The investigation follows the Financial Conduct Authority’s (FCA)…