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min date	2019-04-29
answering dept sort name	Treasury
uin	249175

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

1123865

registered interest

date

30/04/2019

answering body

Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

Treasury

hansard heading

Halifax Bank of Scotland: Fraud

house id

legislature

25259

pref label	House of Commons

question text

To ask the Chancellor of the Exchequer, what assessment his Department has made of the findings of the review by Jonathan Laidlaw QC on Lloyd's Banking Group's compensation scheme for the victims of the HBOS Reading fraud, published by SME Alliance on 18 December 2018.

tabling member constituency

Carshalton and Wallington

tabling member printed

Tom Brake

uin

249175

answer

is ministerial correction

date of answer

09/05/2019

answer text

<p>Compensation offers have been made to all customers in scope of the compensation scheme for victims of the HBOS Reading fraud, with 90% of customers accepting their offer. However, as Jonathan Laidlaw’s review highlights - the scheme has not commanded public confidence. That is why I welcomed Lloyds’ commitment – in agreement with the FCA – to commission a post-completion review to quality-assure the methodology and process of the Griggs compensation scheme for victims of the HBOS Reading fraud. I am pleased to hear that Lloyds Banking Group have recently announced that this process will be led by former High Court judge, Sir Ross Cranston.</p>

answering member constituency

Salisbury

answering member printed

John Glen

question first answered

09/05/2019 14:25:35

answering member

4051

label	Biography information for John Glen

tabling member

151

label	Biography information for Tom Brake