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Peer2Peer Finance News | August 19, 2019

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regulation

FCA explains reasoning behind Lendy authorisation

July 31, 2019 |

THE FINANCIAL Conduct Authority (FCA) has revealed more details behind its decision to authorise defunct peer-to-peer platform Lendy just 10 months before its collapse.

Responding to parliamentary questions from former City minster Lord Myners, the FCA’s chief executive Andrew Bailey … Read More

Treasury calls for feedback on regulatory review

July 19, 2019 |

THE TREASURY has issued a call for feedback on how effectively the UK’s financial regulators work together, as part of a long-term review into financial regulation.

The first phase of the Financial Services Future Regulatory Framework review was launched today … Read More

Could the 10pc rule bring £6.9bn into P2P sector each year?

July 11, 2019 |

WHEN the Financial Conduct Authority (FCA) rolled out a new raft of rules for the peer-to-peer lending sector, there was one requirement which received decidedly mixed reviews. In an effort to promote diversification and risk awareness, the regulator announced plans … Read More

RateSetter chief welcomes 10 per cent investor limit

July 5, 2019 |

RATESETTER’S chief executive Rhydian Lewis (pictured) has welcomed incoming rules that limit everyday investors to putting no more than 10 per cent of their portfolio into peer-to-peer loans.

The new Financial Conduct Authority (FCA) regulations bring P2P lending into line with … Read More

The compliance change all regulated firms need to know about

June 10, 2019 |

Most FCA solo-regulated firms will have to implement SMCR by the end of this year. David Sims (pictured), employment partner and head of the SMCR practice at law firm DAC Beachcroft, tells you everything you need to know…

REGULATION NEVER … Read More

Mini-bond provider collapse highlights safety of P2P, says Orca Money

March 21, 2019 |

THE COLLAPSE of mini bonds provider London Capital & Finance (LCF) shows the dangers of chasing high interest rates while highlighting the relative stability of peer-to-peer lending, says Orca Money.

The P2P investment aggregator’s chief executive Iain Niblock (pictured) said … Read More

FCA sounds warning on P2P promotions

January 10, 2019 |

THE FINANCIAL Conduct Authority (FCA) has signalled it may be concerned about inappropriate sales tactics in peer-to-peer lending.

The City watchdog’s 2019 sector review – which gives an indication of its business focus over the year – included P2P lending … Read More

2nd Annual Payments Forum

December 11, 2018 |

2nd Annual Payments Forum 2019

Date: 12-13 February, 2019

Venue: London

Our 2nd Annual Payments Forum, taking place on 12-13 February in London

Our highly topical agenda was researched with industry experts and looks to address the critical challenges across … Read More

UK regulation of fintech “intrusive” warns KPMG

October 3, 2018 |

THE UK’s regulation of the fintech sector is in danger of becoming “intrusive”, according to a new report.

Big four accountancy firm KPMG said that regulators and supervisors worldwide are beginning to respond to fintech developments.

The report entitled, “The … 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