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Treasury Committee publishes responses to Greensill inquiry correspondence

11 May 2021

Last month, Rt Hon. Mel Stride MP, Chair of the Treasury Committee, sent a series of letters to inform the Committee’s inquiry into Lessons from Greensill Capital. The recipients were:

  • Andrew Bailey, Governor, Bank of England
  • Rt Hon. David Cameron
  • Nikhil Rathi, Chief Executive, Financial Conduct Authority (FCA)
  • Rt Hon. Rishi Sunak MP, Chancellor of the Exchequer
  • Charles Donald, Chief Executive, UK Government Investments (UKGI)

The Committee has published all five responses.

Later today, the Committee will take evidence from Lex Greensill CBE in the second evidence session of its inquiry into Lessons from Greensill Capital. It will be streamed live on the Committee’s Twitter page here.

The Committee is likely to examine the reasons for Greensill’s failure, and how it was managing risks before the failure, Greensill’s business model and funding, and the characterisation of Greensill as a fintech business.

The Committee is also likely to seek views on the lobbying by Greensill Capital of HM Treasury and the Bank of England around the Covid Corporate Financing Facility (CCFF), including the role that David Cameron played.

Further information

Image: PA