Regulatory Compliance

Lloyds Banking Group said on Thursday it did not expect to add to the 1.95 billion pounds it has set aside for expected payouts tied to Britain’s motor-finance mis-selling scandal after reviewing the Financial Conduct Authority’s final rules. The bank said its existing provision — money reserved to meet expected claims — was unchanged for now. That matters because Lloyds owns Black Horse, Britain’s largest car-finance lender, so the final shape of the scheme matters more here than for many peers. The FCA says the clean-up will return about 7.5 billion pounds to borrowers who were not properly told about commissions — payments from lenders to dealers — and other commercial ties in car loans, while the total bill to