Question to the HM Treasury:

To ask His Majesty's Government, further to the Written Answer by Baroness Vere of Norbiton on 5 February 2024 (HL1819), when Dame Linda Dobbs's review began; what period it covers; when the review was originally scheduled to be completed; when the review is now expected to be completed; when an interim report was published; and how many victims of fraud at HBOS and Lloyds Banking Group have given evidence to it.

The Dame Linda Dobbs Review began in April 2017. The review was originally scheduled to be completed by the end of 2020. It is now expected to be completed in 2025.

The review, and appointment of Dame Linda Dobbs, has been instigated by Lloyds Banking Group. No interim report is planned and the number of victims giving evidence has not been made public.

The review has stated it will cover the period from the acquisition of HBOS in 2009 to 2017, and examine relevant evidence from before 2009 to assess what ought to have been known at the time of the HBOS acquisition.

Once completed, the review’s findings will be shared with the Financial Conduct Authority (FCA), which will then consider what action is appropriate to take.