This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

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

By Fiona Maxwell ( November 22, 2021, 11:23 GMT | Insight) -- The British Business Bank was "woefully inadequate" in its approach to conducting due diligence for Greensill Capital's application to lend under government-backed Covid-19 loan programs, a committee of lawmakers said today. As a result of the failure to consider wider reports about Greensill's health, taxpayers may be on the hook for 335 million pounds.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....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login