Sector Regulation Sector Regulation

Greensill's insurance trouble shows UK regulatory shortcomings, says founder

By Fiona Maxwell
  • 11 May 2021 12:16
  • 11 May 2021 12:16
Greensill Capital’s main insurer refusing to renew its cover shows the regulatory shortcomings of credit insurance, the company’s founder told lawmakers today.

Lex Greensill, the head of the collapsed supply-chain financing company, said the “countercyclical” nature of insurance regulation was one of the “key regulatory shortcomings shown by the failure of

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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