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Home / News / Financial Crime / Greensill's lack of oversight by British Business Bank puts taxpayers on the hook, lawmakers say
Financial Crime Financial Crime

Greensill's lack of oversight by British Business Bank puts taxpayers on the hook, lawmakers say

By Fiona Maxwell
  • 22 Nov 2021 05:53
  • 22 Nov 2021 06:57
Fraud Money laundering
The UK’s failure to conduct sufficient due diligence into Greensill Capital when it applied to be a Covid-19 lender has put 335 million pounds ($450 million) of taxpayer money at risk, a committee of lawmakers has said.

The lawmakers in Parliament’s Public Accounts Committee said the British Business Bank, a government-owned

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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 Risk.net, 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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