9am Lowdown: Taxman to migrate to the cloud
Good morning and a fine Monday to you all. Here’s your morning update.
* * *
Taxman to migrate to the cloud
HMRC seems to have cast its vote in the Microsoft office/Google apps debate.
The Revenue has indicated it will be moving away from Microsoft and towards Google Apps for document sharing and collaboration.
The department confirmed it had spent the past six months trying out services from the tech giant, such as Google Drive, Google Hangouts and Google Docs.
This will make it one of the biggest government departments to move away from Microsoft. It also means that some of the department’s documents will be stored in the cloud on Google’s external servers offshore.
* * *
Questions abound over KPMG’s FIFA dealings
KPMG’s reputation continues to take a kicking after it was revealed that the firm gave the corruption addled FIFA the financial all clear for 16 straight years.
Greg Dyke, head of the FA, was the latest to criticise FIFA’s auditor. “Someone should go to the auditors,” said Dyke. “Hang on, where did that come from and go to? Where is it in accounts? Did you know about this?”
For their part, KPMG have remained schtum. A spokesperson for KPMG Switzerland told the press that the firm does not comment on current clients.
* * *
Regulator appoints two big-wigs
The FCA has appointed Mark Steward as its new director of enforcement and market oversight and Barbara Frohn as the new director of risk and compliance oversight.
Steward is currently the head of enforcement at the Hong Kong Securities and Futures Commission, and Frohn is managing director of Banco Santander and currently on secondment to the Institute of International Finance in Washington, D.C.
Both will be expected to take up their new roles in London by the early autumn.
“These are two vital roles within the UK regulatory system and it says a lot about the FCA that we have been able to attract such high calibre candidates to fill them,” said Martin Wheatley, chief executive of the FCA. “Mark and Barbara have built up excellent reputations for their work in financial services across the globe, and I am delighted they have chosen to bring their experience to the FCA.”
* * *
On this day
On this day in 632, Muhammad, the prophet of Islam, died in Medina.