Asset Management

Myners: FCA ‘culpable’ for ignoring warning signs on Greensill

Lord Myners, the former City minister, has taken aim at the UK financial regulator for failing to spot red flags at Greensill Capital, the embattled supply chain finance firm

Friday 12 March 2021 at 05:01

Myners said: 'We are in that challenging perimeter of what is and isn’t regulated'
Myners said: 'We are in that challenging perimeter of what is and isn’t regulated' Photo: Alamy

Lord Myners, the former City minister, has taken aim at the UK financial regulator for failing to spot red flags at Greensill Capital, the embattled supply chain finance firm which last week plunged into administration.

“It’s very disappointing that neither the government nor the regulator has taken any interest,” Myners told Financial News.