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Peer2Peer Finance News | October 20, 2017

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Andrew Bailey

FCA identifies low P2P usage but fewer signs of consumer vulnerability

October 18, 2017 |

JUST 1.4 per cent of the adult population are using peer-to-peer lending or crowdfunding but the product has among the proportionally lowest levels of financially vulnerable customers, figures from the Financial Conduct Authority (FCA) suggest.

The data is revealed in … Read More

FCA chief outlines consumer credit concerns

October 4, 2017 |

THE HEAD of the City regulator has re-iterated his concerns about the risks that the rapidly growing personal debt market poses to consumers.

Andrew Bailey (pictured), chief executive of the Financial Conduct Authority, said in a speech at Mansion House … Read More

The P2P Power 50

October 2, 2017 |

PEER-TO-PEER lending has rapidly grown into a multi-billion-pound industry, bringing together the best in banking and technology as well as lawyers, regulators, analysts and fund managers.

So, who are the key players influencing the UK’s P2P sector? The inaugural Peer2Peer … Read More

Consumer credit firms “less satisfied” with regulator

August 4, 2017 |

CONSUMER credit firms have a lower awareness of the objectives of the Financial Conduct Authority compared with other regulated businesses.

An annual survey on perception of the regulator, compiled by the City watchdog, found 71 per cent of consumer credit … Read More

UK fintech firms join chancellor for India trade visit

April 4, 2017 |

UK FINTECH representatives will be accompanying Chancellor Philip Hammond on his trade visit to India this week.

The Treasury’s fintech envoy Eileen Burbidge will be among the delegates, alongside Christoph Rieche, co-founder of working capital lender Iwoca and Kristo … Read More

Balancing act: Andrew Bailey

January 18, 2017 |

THE FINANCIAL Conduct Authority’s chief executive Andrew Bailey is still relatively new to the role but he’s already made waves in the peer-to-peer finance sector. He talks to Peer-to-Peer Finance News about managing innovation with regulation at a pivotal time for the … Read More

A look back – the key P2P events of 2016

January 4, 2017 |

NO-ONE could have predicted half of the events which 2016 had in store for the peer-to-peer lending sector.

Company scandals, international trials, unexpected elections and evolving regulations made for an interesting year, and contributed towards the stunning growth of the … Read More

FCA seeks views on whether to extend compensation scheme to P2P

December 15, 2016 |

THE FINANCIAL Conduct Authority (FCA) is seeking views on whether peer-to-peer lending should be covered by the UK’s £3.5bn financial compensation fund.

The Financial Services Compensation Scheme (FSCS) protects consumers when financial services firms fail. It covers savings in … Read More

FCA to toughen rules on P2P

December 9, 2016 |

THE CITY regulator has indicated it will implement stronger rules on the peer-to-peer lending sector, amid concerns that retail investors are not adequately informed about the risks.

The Financial Conduct Authority (FCA) said it would consider “setting investment limits to … Read More

UK and China to create fintech ‘bridge’ following talks

November 11, 2016 |

The UK and China have committed to a series of new financial partnerships including the establishment of a fintech ‘bridge’, the Treasury has announced.

Following the eighth UK-China Economic and Financial Dialogue (EFD), Chancellor Philip Hammond and Chinese Vice Premier … Read More