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Peer2Peer Finance News | August 17, 2019

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Treasury

Fintechs invited to enter £2m affordable credit challenge

July 31, 2019 |

THE TREASURY and innovation foundation Nesta Challenges are offering £2m in prize money to encourage fintechs and community lenders to work together on affordable credit solutions.

Many people are turning to high-cost credit, such as payday or guarantor loans, when … Read More

Government to introduce 60-day breathing space scheme for those tackling problem debt

June 19, 2019 |

INDIVIDUALS and families struggling with problem debt are to be given a new period of “breathing space” from lenders and public bodies.

Those who have fallen behind on debts such as loans and overdrafts as well as tax payments will … Read More

Treasury launches probe into collapse of London Capital & Finance

May 23, 2019 |

AN INDEPENDENT probe has been launched into the Financial Conduct Authority’s (FCA) supervision of London Capital & Finance (LC&F) and the circumstances surrounding the mini-bond provider’s collapse.

The Treasury said on Thursday that there will also be a wider policy … Read More

Iwoca slams government’s ‘failing’ bank referral scheme

May 23, 2019 |

THE GOVERNMENT’S bank referral scheme is failing and needs a major overhaul if it is to plug a £10bn small- and medium-sized enterprise (SME) funding gap, says Iwoca.

In an open letter to the Chancellor Philip Hammond, the SME finance … Read More

Female founders losing out on billions of start-up funding

February 4, 2019 |

FEMALE start-up founders receive less than 1p of every £1 of venture capital (VC) investment, research claims.

A report by the British Business Bank, not-for-profit group Diversity VC and the British Venture Capital Association – commissioned by the Treasury in … Read More

Model Risk Management in Banking

December 6, 2018 |

Model Risk Management in Banking

Date: 24-26 April, 2019

Venue: London

The need for more models increases as banks become increasingly complex, with large operations, and increasingly difficult risk types to comprehend. Ideally, models are stepping in to make this … Read More

Treasury pushes back on plans for tighter rules on business lending

November 27, 2018 |

PROPOSALS for more stringent corporate lending regulations are being met with resistance by the Treasury, Peer2Peer Finance News has learnt.

A recent report issued by the Treasury select committee of MPs called for business lending to be brought within “the regulatory perimeter” … Read More

George Osborne confident about IFISA success despite slow start

November 20, 2018 |

THE ARCHITECT of the Innovative Finance ISA (IFISA) has said he is confident about the future success of the tax wrapper, even if it hadn’t got off to a “dramatic” start.

George Osborne unveiled the new product during his tenure … Read More

The Peer2Peer Finance News Power 50 2018

November 1, 2018 |

The 2018 Peer2Peer Finance News Power 50 demonstrates just how much this multi-billionpound industry has achieved over the past year.

Our definitive annual list of the 50 most influential people in the UK’s P2P sector includes the head of the … Read More

Crypto-P2P platforms face tighter anti-money laundering rules

October 30, 2018 |

CRYPTO-BACKED peer-to-peer lending platforms could face more stringent anti-money laundering (AML) regulations, as the government mulls transferring compliance oversight to the City watchdog.

The government’s cryptoassets taskforce, which consists of the Treasury, the Financial Conduct Authority (FCA) and the Bank … Read More