How were the conflicts of interest managed and by whom?

Greensill was a private equity owned, lightly regulated firm that offered supply chain financing, with a high concentration of clients, funders and insurers

Largest clients were linked with 2–3 groups (Behindthebalancesheet, 2021)

Most of its funding came from one global bank, via a fund offering sold to wealth management clients. Some funding came from a small bank in Germany,where some depositors may not be shielded by deposit insurance (Reuters, 2021)

Most of the trade credit insurance, that suggested these were safe products for investors, was concentrated with one credit insurer (Bloomberg, March 2021)

How were the conflicts of interest managed and by whom?

Stakeholders in this complex set–up include (underlined):

How a lightly regulated UK firm or “appointed representatives regime” can amass $10bio of funds from a global bank managed fund sold as low risk but be exposed to potential losses for fund investors,

Good clients who relied on its financings, staff and the owners (PE)

Depositors of the bank that also provided funding, deposit insurance?

Board members, auditors, suppliers, industry competitors, firm partners