The other day, in my post More on the Bank of Allan, I wrote
It would be fascinating as well to know what KordaMentha had been reporting to Treasury in respect of the way in which SCF had conducted business.
Today in Parliament, David Cunliffe – Labour Finance Spokesperson sought to obtain information on the background to aspects of the SCF saga. Interestingly, amongst the questions was an attempt to find out some elements of KordaMentha’s advice.
Mr Cunliffe raised the question of whether statutory management had been considered.
The exchange is shown in the video clip, not enormously enlightening, but does give some useful nuggets of information – around the entry into the Deposit Guarantee Scheme, for example.