Question to the HM Treasury:

To ask His Majesty's Government whether they will launch an independent inquiry into banking fraud at HBOS and Lloyds Banking Group.

These issues are a matter for the Financial Conduct Authority (FCA) first and foremost as the independent non-governmental body responsible for regulating and supervising the financial services industry.

Dame Linda Dobbs DBE has been appointed by Lloyds Banking Group to consider whether the issues relating to HBOS Reading were investigated and appropriately reported to authorities at the time.

When complete, the findings of the Dame Linda Dobbs Review will be shared with the FCA. The FCA will then consider whether further action is appropriate.