LONDON, July 11 (Reuters) - A review into why HBOS bankfailed is to go ahead now that enforcement proceedings linked tothe failure have been concluded, Britain's financial regulatorssaid on Friday.
HBOS, Britain's biggest mortgage lender, had to be rescuedat the height of the financial crisis in 2008 with agovernment-engineered takeover by rival Lloyds, whichsubsequently needed a 20 billion pound ($34.03 billion) bailoutto survive.
The Financial Conduct Authority and the Bank of England saidextensive work has already been done on the review which willsummarise why HBOS failed and make any recommendations.
"The aim is to publish the final report by the end of thisyear," the two regulators said in a statement.
($1 = 0.5877 British Pounds) (Reporting by Huw Jones. Editing by Jane Merriman)