Yesterday, the Treasury Committee launched an inquiry called
‘Lessons from Greensill Capital’. It will focus on the regulatory
lessons from the failure of Greensill Capital and the
appropriateness of HM Treasury’s response to lobbying in relation
to Greensill Capital.
, Chair of the Treasury Committee, has today
written to the following people to ask them a series of questions
to inform the Committee’s inquiry:
- Andrew Bailey, Governor, Bank of England
-
-
, Chief
Executive, Financial Conduct Authority (FCA)
-
, Chancellor of the Exchequer
- Charles Donald, Chief Executive, UK Government Investments
(UKGI)
The Committee will seek to take oral evidence from Mr Cameron, Mr
Sunak, the Bank of England, the FCA, Lex Greensill, and others in
due course.
The Committee plans to hold a scene-setting oral evidence session
with relevant experts on Wednesday 28 April, details of which
will be announced later this week.
Notes to Editors
- The five outgoing letters from Mr Stride are attached.
- The ‘Lessons from Greensill Capital’ inquiry page, which
includes the terms of reference, are here.
- On 14 April, the Committee announced its intention to launch
this inquiry. Commenting at the time, Mr Stride said:
“The Treasury Committee had previously decided to carefully
consider these issues as part of its regular and upcoming
evidence sessions with HM Treasury and its associated bodies,
including the Financial Conduct Authority and Bank of
England.
“In addition to this we have now decided to take a closer
look by launching an inquiry to investigate the issues that fall
within our remit. We will publish further details when we launch
the inquiry officially next week.”
- Commenting on the official launch of the inquiry yesterday,
Mr Stride said:
“There are questions to be answered in relation to Greensill
Capital regarding the operation of the UK’s financial system and
its regulation. Also, whether the Treasury responded
appropriately to lobbying from Greensill during the
pandemic.
“I will be writing shortly to the Chancellor, the Governor of
the Bank of England, Chief Executive of the FCA, and requesting answers to various initial questions.
“The Committee will be holding its first evidence session
into Greensill Capital next week.”
