
News
SCF related-party lending faces severe prune under draft rules
Monday 13th of July 2009
The draft, put out for submission in December, proposes capping aggregate exposure for NBDTs at 15% of Tier 1 capital. That would require SCF to reduce related party lending to just $14 million from $170 million, according to Forsyth Barr analyst Luke Angus.
Based on the firm's accounts for the first half ended December 31, related party lending soared 165% from six months earlier, with...
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.
3 min read