Source · Select Committees · Business and Trade Committee

Recommendation 18

18 Paragraph: 102

We note that concerns were raised by HM Treasury and shared with BEIS about GFG...

Conclusion
We note that concerns were raised by HM Treasury and shared with BEIS about GFG Alliance and Wyelands Bank during the accreditation process of Greensill Capital to the CLBIL scheme.
Paragraph Reference: 102
Government Response Not Addressed
HM Government Not Addressed
33. We welcome the Committee’s acknowledgment that BEIS acted properly in this matter, and that the British Business Bank rightly operated independently and made decisions in accordance with its own procedures and practices.