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.