(Reuters) – British finance minister Rishi Sunak has ordered two immediate reviews of UK financial regulation related to the collapse of supply chain finance firm Greensill Capital, the Financial Times reported on Friday.

Sunak wrote to the parliamentary committee in which he was mentioned in July’s report on Greensill’s fall. He stated that he has accepted the request for changes to the Greensill mechanism, also known as the “appointed representative regime”.

Sunak said he had already commissioned the UK treasury to review the regime, including legislative reforms to strengthen the oversight of appointed representatives to prevent opportunities of abuse, the newspaper said

Earlier this month, financial regulators said trade finance firms must do more to identify potentially suspicious activities undertaking additional risk assessments.

Greensill Capital’s earlier collapse highlighted the risks involved in $1.3 trillion of supply chain financing business.

In July, the parliamentary committee found that David Cameron, former British Prime Minister, was unable to judge when he used informal and personal channels to lobby Greensill Capital.

Although the committee didn’t call for supply chain finance to be regulated in general, it said that the regime of appointed representatives should be strengthened to limit “opportunities for abuse”.

The Financial Conduct Authority of Britain stated in May that it would be formally probing the UK operation of Greensill under global investigation.