LONDON, Dec 4 (Reuters) - Lloyds Banking Group PLC:

* Ex-hbos chairman Stevenson says did identify long term availability

of wholesale markets as a risk

* Ex-hbos chairman Stevenson says bank's non-executive directors did

not challenge basic business model

* Ex-hbos chairman Stevenson says personally regrets corporate lending

not being reined in in 2006, 2007

* Ex-hbos chairman Stevenson says bank was not an organisation

obsessed by growth or a culture of optimism

* Ex-hbos chairman Stevenson says failure to foresee long-term closure

of wholesale markets was biggest mistake

* Ex-hbos chairman Stevenson says board in no way encouraged a culture

of risk taking

* Ex-hbos chairman Stevenson says bank was guilty of 'a lot of

mistaken lending'

* Ex-hbos chairman Stevenson says most of lending was competent, some

was incompetent

* Ex-hbos chairman Stevenson says deeply regrets bank's failure to

rein in corporate lending book

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