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    Deloitte takes over Standard Chartered SIV

    Deloitte takes over Standard Chartered SIV

    Bank drops its support for off-balance sheet vehicle, prompting receivership

    Author Date published February 12, 2008 Categories

    Standard Chartered has dropped its support for an off-balance sheet
    investment vehicle, putting the SIV into the hands of receivers Deloitte.

    The bank had pledged to support the SIV, Whistlejacket, and bring it on
    balance sheet, but said yesterday that its offer of liquidity only stood where
    the asset values were higher than the threshold value of 95%.

    The
    FT     reported that Deloitte are expected to be the receiver.

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