PRA Asks PwC to Review Goldman Sachs’ Regulatory Reporting: Sky

Prudential Regulation Authority has appointed PricewaterhouseCoopers to independently assess Goldman Sachs International’s regulatory reports, Sky News reports, citing unidentified people familiar with the matter.

• Assessment to be carried out through what is known as a ‘skilled person’s report’
• Appointment comes as a result of concerns about the quality of information being supplied to PRA
• Morgan Stanley and Bank of America Merrill Lynch are being assessed on a similar basis, Sky says
• PRA, Goldman Sachs and PwC declined to comment to Sky

To contact the reporter on this story:
Daniel Zuidijk in London at dzuidijk@bloomberg.net

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