Lord Woodley
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HBOS: Fraud Investigation
Lord Woodley Excerpts(1 day, 9 hours ago)
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Lord Livermore (Lab)
As I have previously said, Lloyds Banking Group has reiterated the point that it will make the findings of Dame Linda’s review available when completed and will co-operate fully with Parliament. The noble Lord mentioned compensation. As I understand it, the independent Foskett Panel was established by Lloyds Banking Group in 2020, in part following engagement with the FCA and the Treasury, to determine the right level of compensation in individual cases. That review is independent. I understand that it has made its determinations and settled compensation for the majority of victims, but there are a few outstanding cases and I very much hope that this work will conclude in the near future.
Lord Woodley (Lab)
My Lords, can the Minister assure the House that the victims of this incredible £1 billion HBOS fraud will have the opportunity to challenge and correct the published version of the Dobbs review?
Lord Livermore (Lab)
I am afraid I do not know the answer to my noble friend’s question. I will very happily check and write to him in due course.