Russel Griggs

(asked on 19th July 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential conflicts of interest in the appointment of Professor Russell Griggs as the independent reviewer of the HBOS fraud cases.


Answered by
Steve Barclay Portrait
Steve Barclay
Secretary of State for Environment, Food and Rural Affairs
This question was answered on 6th September 2017

In March 2017, Professor Russel Griggs was appointed as the Independent Reviewer of HBOS Reading customer compensation cases by Lloyds Banking Group (LBG), in consultation with the Financial Conduct Authority. His appointment is therefore not a matter for government. The government expects that the appointment of Professor Griggs will help LBG to resolve outstanding cases as soon as possible, so that any victims of fraud at HBOS Reading can be properly compensated.

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