FSA published a statement on 17 September saying it is happy that HBOS is a well capitalised bank that continues to fund its business in a satisfactory way. It welcomed the proposed merger with Lloyds as a move likely to enhance stability within financial markets and improve confidence among customers and investors in the UK financial sector. Treasury and BoE also backed the merger saying it will enhance financial stability and investor confidence. BERR issued an intervention notice in the public interest requiring OFT to investigate and report on the proposals for the purposes of the Enterprise Act, by 24 October.