The Greensill Scandal Isn't Quite Done Yet

British Prime Minister Boris Johnson might be tempted to breathe more easily. A parliamentary inquiry — which was given reams of correspondence and hours of testimony from witnesses — has failed to determine a clear link between the lobbying efforts of Johnson’s predecessor, David Cameron, and Greensill Capital’s access to the U.K.’s pandemic loan schemes.

But we still haven’t seen the full picture. The committee of lawmakers has hardly turned over every stone in its investigation of the now bankrupt supply-chain finance firm and the related allegations of high-level cronyism in the Conservative government. Even without that, there are some troubling supervisory failings to consider.