Kevin Hollinrake, 55, co-chairman of the parliamentary group, told Mr Carney, 54, MPs have asked the Prudential Regulation Authority ( PRA ) to launch an investigation into whether Lloyds Banking Group executives covered up the extent of a business - lending scam at HBOS , which resulted in six convictions in 2014 . The all - party parliamentary group on fair business banking wrote to Bank of England Governor Mark Carney asking which actions were being taken to ensure corporate governance rules were followed after Lloyds bosses apparently “ withheld ” from the public a 2013 report written by a risk officer detailing the extent of fraudulent business lending within HBOS .
MPs have asked the Prudential Regulation Authority ( PRA ) to launch an investigation into whether Lloyds Banking Group executives covered up the extent of a business - lending scam at HBOS , which resulted in six convictions in 2014 . The all - party parliamentary group on fair business banking wrote to Bank of England Governor Mark Carney asking which actions were being taken to ensure corporate governance rules were followed after Lloyds bosses apparently “ withheld ” from the public a 2013 report written by a risk officer detailing the extent of fraudulent business lending within HBOS .