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Peer2Peer Finance News | October 17, 2018

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Zopa to boost regulatory clout ahead of Brexit

Zopa to boost regulatory clout ahead of Brexit
Emily Perryman

ZOPA is recruiting staff to bolster its regulatory expertise and influence ahead of industry changes and developments such as Brexit.

The peer-to-peer lender is advertising for a public and regulatory affairs officer who will be responsible for building relationships with key regulatory and political stakeholders and industry bodies.

Zopa said the new role will ensure it “gets its voice heard” and is fully briefed on industry changes.

The individual will be tasked with monitoring UK and EU legislation relating to financial services and P2P lending, and the impact of Brexit on the UK market.

Read more: Zopa looks to raise £50m ahead of IPO

The job advert suggests Zopa wants to take a greater role in influencing policy, as it calls for someone who can make Zopa’s voice heard in industry forums, discussions and other events, as well as deliver “persuasive responses” to regulatory consultations.

The individual will support Zopa’s P2P business and the launch of its new bank, which was first revealed in November 2016.

In February, the lender advertised for staff to develop its new credit card, which it plans to launch later this year as a feature of its digital bank.