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
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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