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Peer2Peer Finance News | July 19, 2019

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wholesale lending

Basset & Gold launches fixed-rate IFISA

March 22, 2017 |

THE INNOVATIVE Finance ISA club is growing at full speed as fixed-income specialist Basset & Gold became the third player to unveil its tax-free wrapper on Tuesday.

The firm, which provides finance both to marketplace lending platforms and direct borrowers, … Read More

Investors warned P2P regulatory approval isn’t “badge of trust”

March 3, 2017 |

FINANCIAL Conduct Authority (FCA) approval is no guarantee of quality, a peer-to-peer investment manager has warned.

BondMason, an investment firm aiming to get clients a seven per cent return by selecting P2P loans across approved platforms on their behalf, claims … Read More

FCA writes to P2P platforms to take action over wholesale lending

February 28, 2017 |

PEER-TO-PEER lending platforms that engage in wholesale lending may be breaching regulations and need to take action, the Financial Conduct Authority (FCA) has said.  

The City watchdog is writing to the chief executives of all the platforms to highlight … Read More

Wholesale lending deemed to be against P2P rules

February 10, 2017 |

PEER-TO-PEER platforms should not be engaging in wholesale lending, according to updated readings of regulations.

A number of P2P platforms have had wholesale lending operations in the past, where they lend investors’ money to other lenders.

But updated interpretations of Financial Conduct … Read More