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Peer2Peer Finance News | August 21, 2018

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A Rocky Road

August 10, 2018 |

IN THE TWO YEARS since the Financial Conduct Authority (FCA) commenced its post-implementation review of the peer-to-peer lending industry, so much has changed. Whereas a mere handful of P2P platforms had full FCA authorisation in 2016, now the vast majority … Read More

RateSetter: FCA marketing restrictions are “disproportionate”

August 7, 2018 |

RATESETTER has hit back at proposed marketing restrictions for peer-to-peer lenders, stating that they are “disproportionate” and “clunky”.

In a new blog post, the P2P platform’s chief executive Rhydian Lewis (pictured) responded to the recently-released consultation paper from the Financial … Read More

FCA home finance proposals are a “vindication” for P2P property space

August 1, 2018 |

NEW proposals to oversee peer-to-peer lenders under home finance rules if they start offering residential secured loans have been hailed as a “vindication” of the P2P property sector.

In a consultation paper on the P2P sector released last week, the … Read More

FCA to extend conduct rules to e-money providers

August 1, 2018 |

THE FINANCIAL Conduct Authority (FCA) is looking to tighten up regulation of the e-money sector.

Many peer-to-peer lending platforms use e-money providers to manage their client accounts and now the City watchdog wants to ensure these types of firms, as … Read More

FCA to clamp down on platform wind-down plans

July 27, 2018 |

THE FINANCIAL Conduct Authority (FCA) has proposed stringent new measures to protect investors in the event that a platform should go out of business.

The City regulator said in its long-awaited consultation paper on Friday that it plans to “strengthen … Read More

P2P sector could face £1.5m bill from FCA review

July 27, 2018 |

THE PEER-TO-PEER lending sector could face a bill of up to £1.5m to implement new regulations proposed by the Financial Conduct Authority (FCA).

A cost-benefit analysis by the City watchdog, which was included in its long-awaited consultation following the post implementation … Read More

FCA unveils plans to improve disclosure and tackle risk in P2P sector

July 27, 2018 |

PEER-TO-PEER lenders are facing beefed up rules on disclosure and wind-down plans as well as restrictions on who they can market their products to.

The Financial Conduct Authority (FCA) has released a new consultation in its long-awaited response to a … Read More

2nd Annual Technology & Innovation Risk Summit

July 18, 2018 |

2nd Annual Technology & Innovation Risk Summit

Date: 25-26 September, 2018

Venue: London

Attending the 2nd Annual Technology & Innovation Risk Summit will bring together The 2nd Annual Technology & Innovation Risk Summit will bring together innovation, technology and … Read More

FCA flags concerns over investment platform risk labels

July 16, 2018 |

THE CITY watchdog has warned that investment platforms offering model portfolios may be misleading consumers about the risks involved.

An interim report on the investment platform market found that the amount of information provided by model portfolio providers “makes comparison difficult” … Read More

FCA chair: Fintech brings social benefits

July 11, 2018 |

FINTECH is opening up finance to previously excluded groups, showing that Big Data can be both profitable and socially beneficial, according to the chair of the Financial Conduct Authority (FCA).

In a speech delivered at the Reuters Newsmaker event in … Read More