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....By: Thomson Reuters Regulatory Intelligence and.