Hoist Finance aims to become a Specialised Debt Restructurer
Hoist Finance's Board of Directors has today resolved that the Company intends to meet all requirements to qualify as a Specialised Debt Restructurer (SDR) by 1 January 2025. Obtaining SDR status will exempt Hoist Finance from the backstop regulations, which will simplify the Company's business model, lead to enhanced cost efficiency and create greater flexibility in portfolio acquisitions. Harry Vranjes, CEO of Hoist Finance, comments: “The SDR status is designed to stimulate the secondary NPL markets by adding a stable market participant to the buy-side. We see it is a recognition of