Lloyds Banking Group said on Wednesday it is assessing the financial implications of a consultation paper from Britain's financial regulator on a potential industry-wide redress scheme for motor finance.
The bank is reviewing the proposal from the Financial Conduct Authority (FCA) in the context of the money it has already set aside for the issue, according to a statement.
Lloyds said it will update the market on the impact when appropriate.
The FCA consultation follows a UK Supreme Court judgment in August related to discretionary commission arrangements on car loans.
Following that ruling, Lloyds had said it believed any change to its provision was "unlikely to be material", pending the outcome of the FCA's review.
The ultimate financial impact on the bank will depend on the final outcome of the regulatory consultation.
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