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Lord Livermore (Lab)

Speaking in the House of Lords on 26 March 2026

Debate

HBOS: Fraud Investigation

Contribution

As I said to the House previously, the independent Foskett Panel was established by Lloyds Banking Group in 2020, in part following engagement with the FCA and Treasury, to determine the right level of compensation in individual cases. As I said before, the review is independent. I understand that it has made its determinations and settled the compensation for the majority of victims, although there are a few outstanding cases. I hope this work will be able to conclude in the near future.

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