Source · Select Committees · Public Accounts Committee
Twenty-Sixth Report - Lessons from Greensill Capital: accreditation to business support schemes
Public Accounts Committee
HC 169
Published 20 November 2021
Government response
Treasury minutes: Government response to the Committee of Public Accounts on the Twenty Sixth report from Session 2021-22 · published 21 Jan 2022
Recommendations & Conclusions
13
Conclusion
Deferred
The NAO found that, when challenged on its loans to borrowers within the GFG Alliance...
Conclusion
The NAO found that, when challenged on its loans to borrowers within the GFG Alliance group, Greensill told the Bank that it had received “political steers” that its support for the steel industry was welcomed.34 We asked the Department what …
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Government Response Summary
The government states its Shareholder Relationship Framework Document is being updated, and consideration will be given to changes regarding operational independence for 'Service Arm' activities, with a commitment to write to the Committee on the outcome.
HM Treasury
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14
Conclusion
Deferred
We asked the Bank whether it considered the Department’s questions about Greensill’s accreditation as the...
Conclusion
We asked the Bank whether it considered the Department’s questions about Greensill’s accreditation as the Department encouraging the approval of Greensill’s application. The Bank told us that it had considered the level of interest from the Department as “unusual”, but …
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Government Response Summary
The government states that its Shareholder Relationship Framework Document is being updated, and consideration will be given to changes regarding operational independence for 'Service Arm' activities, with a commitment to write to the Committee on the outcome.
HM Treasury
View Details →