SCC only weeks away from bank licence award

{ "#" : "Structured Credit Company (SCC), the Dublin-based financial firm that was placed in examinership last week with liabilities of more than €300 million, was just weeks away from being awarded a banking licence by the Financial Regulator, under

25th August, 2007

{ "#" : "Structured Credit Company (SCC), the Dublin-based financial firm that was placed in examinership last week with liabilities of more than €300 million, was just weeks away from being awarded a banking licence by the Financial Regulator, understands." , "i" : "The Sunday Business Post"}

SCC, which specialised in highly sophisticated risk transfer deals, voluntarily terminated its application process in recent weeks when its directors became aware of impending difficulties caused by this month’s credit crunch.

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