FCA and PRA have announced their intention to commence investigations into certain former HBOS senior managers. These investigations will determine whether or not any prohibition proceedings should be commenced against them. The regulators also continue to review materials with a view to making further decisions regarding other former HBOS senior managers. The decision follows the report on the failure of HBOS, which recommended that FCA and PRA should consider enforcement investigations into former HBOS senior managers (see FReD 27 November 2015). (Source: Regulators Launch Further HBOS Investigations)