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1311239

registered interest
date	21/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Greensill
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether, as a creditor of Greensill Capital and Greensill Bank, they will ask the administrators of those companies and related parties (1) to examine the personal expense claims made by (a) directors, (b) executives, and (c) advisors, for non-business related payments, including use of private jets, and (2) to ensure that the companies reported such non-cash benefits to the relevant income tax bodies, including HMRC.
tabling member printed	Lord Myners
uin	HL15166
answer	answer is ministerial correction date of answer 29/04/2021 answer text <p>The Government provides a guarantee, rather than direct funding, to lenders who are participating in the Bounce Back Loan, CBIL or CLBIL Schemes. Lenders participating in the Schemes must source their own funding, as they do for standard business lending.</p><p> </p><p>Greensill Bank is a German bank, and so is regulated by the German supervisory authority, BaFin.</p><p> </p><p>The administrator of Greensill Capital must send the Secretary of State for Business, Energy and Industrial Strategy, a report on the conduct of all directors who were in office in the last 3 years of the company’s trading.</p> answering member printed Lord Agnew of Oulton question first answered 29/04/2021 11:49:55 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3869 label Biography information for Lord Myners

1304514

registered interest
date	22/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Greensill
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government on what dates capital adequacy and stress tests were carried out on Greensill Capital; and what the outcome was of those checks.
tabling member printed	Lord Sikka
uin	HL14467
answer	answer is ministerial correction date of answer 31/03/2021 answer text <p>Greensill Capital (UK) Limited was not authorised by the FCA. It was a registered entity under the Money Laundering Regulations, which means that the FCA supervised it but only for compliance with Anti-Money Laundering rules, not for wider conduct issues. Greensill Capital Securities Ltd was an Appointed Representative of an FCA-regulated firm, under whose supervision it could conduct some regulated activities. However, it was not itself supervised or authorised by the FCA. Greensill Capital Securities Ltd is no longer an Appointed Representative.</p><p>At no time has the Bank of England authorised or supervised Greensill Capital (UK) Limited or any member of their group.</p><p>Given Greensill Capital was not authorised by the Bank of England or the FCA no capital adequacy or stress tests were required or carried out.</p> answering member printed Lord Agnew of Oulton question first answered 31/03/2021 14:22:03 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4885 label Biography information for Lord Sikka

1304516

registered interest
date	22/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Greensill
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what record they have of (1) letters, (2) emails, (3) phone calls, (4) text messages, and (5) other communications, from former Prime Minister David Cameron to officials in (a) the Treasury, and (b) the Department for Business, Energy and Industrial Strategy, in connection with Greensill Capital.
tabling member printed	Lord Sikka
uin	HL14469
answer	answer is ministerial correction date of answer 30/03/2021 answer text <p>Senior civil servants and ministers routinely meet and correspond with a range of private sector stakeholders. Transparency releases are published on a quarterly basis, and are currently publicly available for Senior Official and Ministerial meetings up to and including September 2020, which is in line with normal reporting timelines on disclosures.</p> answering member printed Lord Agnew of Oulton question first answered 30/03/2021 14:16:34 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4885 label Biography information for Lord Sikka

1304412

registered interest
date	19/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Greensill
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further the Written Answer reply by Lord Agnew of Oulton on 16 March (HL13828), whether David Cameron attended any meetings with ministers or civil servants relating to Greensill Capital.
tabling member printed	Lord Myners
uin	HL14415
answer	answer is ministerial correction date of answer 30/03/2021 answer text <p>Senior civil servants and ministers routinely meet and correspond with a range of private sector stakeholders. Transparency releases are published on a quarterly basis, and are currently publicly available for Senior Official and Ministerial meetings up to and including September 2020, which is in line with normal reporting timelines on disclosures.</p> answering member printed Lord Agnew of Oulton question first answered 30/03/2021 14:16:19 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3869 label Biography information for Lord Myners

1304422

registered interest
date	19/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Greensill
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what records they have of (1) the dates of meetings between the Financial Conduct Authority, the directors of Greensill Capital, and that company’s auditors, and (2) the details of matters discussed at any such meetings.
tabling member printed	Lord Sikka
uin	HL14425
answer	answer is ministerial correction date of answer 31/03/2021 answer text This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government. The question has been passed on to the FCA. The FCA will reply directly to the noble Lord by letter. A copy of the letter will be placed in the Library of the House. answering member printed Lord Agnew of Oulton question first answered 31/03/2021 14:06:24 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4885 label Biography information for Lord Sikka

1303632

registered interest
date	17/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Greensill
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to the Written Answer by Lord Agnew of Oulton on 16 March (HL13828), what records they hold of (1) correspondence, or (2) telephone conversations, between ministers and officials in (a) Her Majesty’s Treasury, (b) the Cabinet Office, or (c) the Department for Business, Energy and Industrial Strategy about (i) Lex Greensill, (ii) representatives of Greensill Capital, or (iii) the Rt Hon David Cameron, on matters relating to Greensill Capital.
tabling member printed	Lord Myners
uin	HL14333
answer	answer is ministerial correction date of answer 30/03/2021 answer text <p>Senior civil servants and ministers routinely meet and correspond with a range of private sector stakeholders. Transparency releases are published on a quarterly basis, and are currently publicly available for Senior Official and Ministerial meetings up to and including September 2020, which is in line with normal reporting timelines on disclosures.</p> answering member printed Lord Agnew of Oulton question first answered 30/03/2021 14:16:05 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3869 label Biography information for Lord Myners

1303140

registered interest
date	16/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Greensill
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what role the (1) Financial Conduct Authority, and (2) Prudential Regulation Authority, played in granting regulatory approval for Greensill Capital or its associates; and whether they advised BaFin in connection with the acquisition of Greensill Bank in Germany.
tabling member printed	Lord Myners
uin	HL14287
answer	answer is ministerial correction date of answer 30/03/2021 answer text <p>Greensill Capital (UK) Limited was not authorised by the FCA. It was a registered entity under the Money Laundering Regulations, which means that it was subject to FCA regulation only for compliance with Anti-Money Laundering rules, not for wider conduct issues. Greensill Capital Securities Ltd was an Appointed Representative of an FCA-regulated firm, under whose supervision it could conduct some regulated activities. However, it was not itself supervised or authorised by the FCA. Greensill Capital Securities Ltd is no longer an Appointed Representative.</p><p> </p><p>At no time has the Bank of England authorised or supervised Greensill Bank AG, Greensill Capital (UK) Limited or any member of their group.</p><p> </p><p>The UK Financial Authorities were not involved in the acquisition of Greensill Bank AG by Greensill Capital PTY in 2014.</p> answering member printed Lord Agnew of Oulton question first answered 30/03/2021 09:31:40 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3869 label Biography information for Lord Myners

1299442

registered interest
date	03/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Greensill
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether (1) they, or (2) any regulators, are investigating the impact on banks and asset managers of the suspension of dealing in funds managed by Greensill Capital, and in particular the effect on banks of (a) risk concentration limits, and (b) capital requirements.
tabling member printed	Lord Myners
uin	HL13873
answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>Greensill is an international group of firms, including an Australian holding company and a German bank. There are two UK entities – Greensill Capital UK and Greensill Capital Securities Limited.</p><p> </p><p>Greensill Capital UK is not authorised by the UK financial authorities. It is registered under Anti-Money Laundering regulations, which means that the Financial Conduct Authority (FCA) supervises it for compliance with anti-money laundering rules, but not for wider conduct issues.</p><p> </p><p>Greensill Capital Securities Limited is not authorised or supervised by the FCA but was an Appointed Representative of a regulated firm (Mirabella Advisers). An Appointed Representative is a firm or person who carries out regulated activities under the supervision of a firm directly authorised by the FCA (known as a principal firm). A principal firm is responsible for ensuring that its Appointed Representative complies with the requirements, rules and regulations of the FCA.</p><p> </p><p>HM Treasury has been working closely with the FCA and PRA to monitor developments and assess the implications for the financial sector, and with other government departments to understand any impacts that these developments may have on linked UK-based companies and the services they provide.</p> answering member printed Lord Agnew of Oulton grouped question UIN HL13826 HL13827 HL13871 HL13872 question first answered 16/03/2021 11:43:47 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3869 label Biography information for Lord Myners

1297078

registered interest
date	02/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Greensill
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government which financial regulator has primary responsibility for supervising Greensill Capital and its affiliates.
tabling member printed	Lord Myners
uin	HL13827
answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>Greensill is an international group of firms, including an Australian holding company and a German bank. There are two UK entities – Greensill Capital UK and Greensill Capital Securities Limited.</p><p> </p><p>Greensill Capital UK is not authorised by the UK financial authorities. It is registered under Anti-Money Laundering regulations, which means that the Financial Conduct Authority (FCA) supervises it for compliance with anti-money laundering rules, but not for wider conduct issues.</p><p> </p><p>Greensill Capital Securities Limited is not authorised or supervised by the FCA but was an Appointed Representative of a regulated firm (Mirabella Advisers). An Appointed Representative is a firm or person who carries out regulated activities under the supervision of a firm directly authorised by the FCA (known as a principal firm). A principal firm is responsible for ensuring that its Appointed Representative complies with the requirements, rules and regulations of the FCA.</p><p> </p><p>HM Treasury has been working closely with the FCA and PRA to monitor developments and assess the implications for the financial sector, and with other government departments to understand any impacts that these developments may have on linked UK-based companies and the services they provide.</p> answering member printed Lord Agnew of Oulton grouped question UIN HL13826 HL13871 HL13872 HL13873 question first answered 16/03/2021 11:43:47 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3869 label Biography information for Lord Myners

1297079

registered interest
date	02/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Greensill
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government on how many occasions over the last six months ministers and civil servants in (1) the Cabinet Office, (2) HM Treasury, and (3) the Department for Business, Energy and Industrial Strategy, hosted meetings with (a) Lex Greensill, or (b) representatives of Greensill Capital; and whether David Cameron was present at any of the meetings.
tabling member printed	Lord Myners
uin	HL13828
answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>Senior officials and ministers routinely meet with a range of private sector stakeholders. There are robust transparency processes in place to ensure appropriate scrutiny of such meetings. Transparency releases are currently publicly available for meetings up to and including September 2020, which is in line with normal reporting timelines on disclosures. These are published on a quarterly basis, with the most recent release published in February 2021. Mr Roxburgh’s transparency release from July-September 2020 will be published shortly, but there are no meetings with either Lex Greensill or representatives of Greensill Capital to report in this release.</p> answering member printed Lord Agnew of Oulton question first answered 16/03/2021 11:45:39 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3869 label Biography information for Lord Myners