Overview

The Greensill bankruptcy was a crisis years in the making, yet very few saw it coming. Those who bothered to look beneath the surface and pick up on leading default indicators and early red flags were the ones able to escape the crisis relatively unscathed. This case study looks at the Greensill bankruptcy and the leading indicators that came before the fall. It also looks at what the TRaiCE BSI index had to say about Greensill Capital in the months preceding its default.