Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
shutterstock_1026752434
February 21 2018

P2P lending to form part of inquiry into SME finance

Marc Shoffman Industry News, News banking, loans, P2P lending, SME finance, Treasury Committee

POLITICIANS are going to consider the availability and uptake of peer-to-peer lending as part of an inquiry into finance for small-and-medium-sized enterprises (SMEs).

The Treasury Select Committee of MPs will evaluate the state of the SME finance market and will consider funding options including banks, P2P lenders and crowdfunding, as well as the level of competition and any sources that businesses avoid.

Read more: National investment bank needed to boost SME lending

Read more: Brexit ‘will hit innovative SMEs the hardest’

The inquiry will also consider if there are lessons to be learned from the scandal surrounding Royal Bank of Scotland’s restructuring unit GRG. The Treasury Select Committee published the City watchdog’s damning report yesterday on the bank’s mistreatment of SME borrowers.

MPs will evaluate the ability of SMEs to resolve disputes and access fair and reasonable compensation when they borrow money and whether a new tribunal body is needed for SME banking disputes.

They will also assess the merits of the Financial Conduct Authority’s proposals for expanding SME access to the Financial Ombudsman Service, look at the current regulatory framework and protection for SME borrowers.

The inquiry is working alongside separate work from the business, energy and industrial strategy committee which is looking into government support for small businesses to boost productivity, and whether enough is being done to protect firms from unfair treatment by large companies.

Read more: P2P lending soars but SMEs generally wary of finance

Online lenders and banks may operate as ‘joint ventures’ Ultimate guide to Innovative Finance ISAs: Part three

Related Posts

Fintech -financial technology concept.Young businessman  select the icon Fintech on the virtual display.

Global News, Industry News, News, Top 3

UK retains European fintech crown despite 9pc y-o-y fall in investment

fintech sector

Industry News, News, Top 3

Fintechs feature heavily in list of best start-ups to work for

Spiel

Global News, Industry News, News, Top 3, Uncategorized

Bondora monitoring ‘see-sawing’ secondary market

Popular posts:

  • Government responds to P2P fraud query
  • The alternative lenders accredited for CBILS
  • FCA lumps P2P lending in with higher risk products again
  • 4th Way gives its views on Zopa and Funding Circle returns
  • Funding Circle to offer first and second draw PPP loans
  • SME lender warns many companies will not survive
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by