Policy paper

Treasury Committee’s review of the reports into the failure of HBOS: government response

The government sets out its response to the Treasury Committee's report.

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The government has today (10 October 2016) set out its response to the Treasury Committee’s report. The regulators are responding separately.

Since the HBOS review was initiated, a new framework for investigations and inquiries into possible serious regulatory failure has been created. This includes a requirement for the regulators to investigate a serious regulatory failure and send a report to the Treasury, who will then lay the report before Parliament

We welcome the Treasury Committee’s interest in the framework for financial regulation and enforcement and the conduct of future inquiries and investigations.

Published 10 October 2016