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The Financial Secretary to the Treasury (Lord Livermore) (Lab)

Speaking in the House of Lords on 26 March 2026

Debate

HBOS: Fraud Investigation

Contribution

My Lords, in 2017, Lloyds Banking Group independently launched the Dobbs review to assess the handling of the fraud, which took place in the early 2000s, and to determine what it knew or should have known and whether it reported it appropriately to the regulatory authorities. The Government understand that drafting is under way, and the review’s findings will be shared with the Financial Conduct Authority once completed, which will then consider what actions are appropriate to take.

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