The Greensill Controversy: SFNet Members Weigh In
Earlier this month, UK-based commercial finance company Greensill Capital filed for bankruptcy protection. Greensill focused on the provision of supply chain financing and related services.
As the situation continues to unfold, several atypical business practices are becoming known, including unusual underwriting practices, cancellation of their credit insurance policy, and the cessation of their source of financing by their largest funder and financial intermediary, amongst other things.
This article, featuring insights from FGI’s Jo Bennett-Coles, along with other industry experts, offers an interesting overview of the Greensill situation and explores the risks associated with non-compliance commercial finance practices.
To read this article, click here.