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The Greensill case illustrates the impact of the COVID-related crisis on the shadow banking sector to which riskier credit business had migrated financed by securitisation rather than deposit taking following the heavier capital requirements imposed on regulated banks after the 2008 financial crisis. It also shows that Lex Greensill s engagement in crisis-driven government funding programmes goes back to the days of the crisis and his time with Citibank.
In 2020, Lex Greensill had sought financial assistance by lobbying HM Treasury and the Bank of England for inclusion in COVID-related government loan and loan guarantee schemes, initially in the Covid Corporate Finance Facility (CCFF).
UK Mortgages Ltd - Interim Report & Accounts
PR Newswire
For the period from 1 July 2020 to 31 December 2020
Legal Entity Identifier: 549300388LT7VTHCIT59
(Classified Regulated Information, under DTR 6 Annex 1 section 1.2)
The Company has today released its Interim Management Report and Unaudited Condensed Consolidated Financial Statements for the period ended 31 December 2020. The Report will shortly be available from the Company s Portfolio Manager s website: www.ukmortgageslimited.com and will shortly be available for inspection online at www.morningstar.co.uk/uk/NSM.
SUMMARY INFORMATION
The Company
UK Mortgages Limited ( UKML , the company ) was incorporated with limited liability in Guernsey as a closed-ended investment company on 10 June 2015. The company s shares were admitted to trading on the Specialist Fund Segment of the London Stock Exchange ( LSE ) on 7 July 2015. UKML and the affiliate structure have been designed to ensure the most efficient structure for regu