FCA and PRA publish detailed Terms of Reference for the HBOS Review

Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) today publish the detailed Terms of Reference (ToR) for the review into the failure of HBOS plc (HBOS).
Published on 11 July 2014

The Board of the Financial Services Authority (FSA) commissioned a report into the failure of HBOS. It was not appropriate to launch a wider review until the conclusion of enforcement proceedings. Those proceedings concluded in September 2012 and the FSA commenced its review of HBOS at that time. As preparation of the report has spanned the change in the structure of financial services regulation in the UK on 1 April 2013, the report will be jointly published by the FCA and PRA.

PDFPress release

PDFDetailed Terms of Reference

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