Lloyds Banking Group response to FSA enforcement proceedings against Bank of Scotland
09 March 2012
The FSA Final Notice and Press Release published today concludes these enforcement proceedings against Bank of Scotland.
The FSA’s review focused on the Bank of Scotland’s Corporate division and it relates to events in 2006 to 2008, prior to the acquisition of its parent company, HBOS, by Lloyds TSB which led to the creation of Lloyds Banking Group in 2009.
Lloyds Banking Group co-operated fully with the FSA throughout and we welcome the conclusion of the enforcement action.
This will help to draw a line under the events in question and allow the Group to move forward. We will continue to focus our efforts on rebuilding the Group for the benefit of our customers, employees and shareholders.