Posts Tagged: FCA

FCA Signals Tighter Controls on Peer to Peer Lending

The Financial Conduct Authority has published proposals aimed at providing a greater degree of protection for investors who lend to individuals and businesses through Peer to Peer (P2P) platforms.   To date the FCA has taken a ‘softly, softly’ approach to the regulation of marketplace lending, taking the view there was a need to encourage…

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The Blockchain Revolution – Will ICOs Change the Alternative Finance Game?

In December 2017, the Financial Conduct Authority issued a statement warning that Initial Coin Offerings (ICOs) should be considered as high risk and highly speculative investments, suitable only for sophisticated investors.   To support its statement, the Authority cited a number of risk factors that should be flashing warning lights. These included the fact that…

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FCA Set to Toughen-Up on P2P Lenders

  The Financial Conduct Authority (FCA) has been consulting on further regulation of the peer-to-peer (P2P) sector since it found evidence last year of “consumer detriment” in the way companies match end investors with companies and individuals seeking loans.  The FCA’s full review of the P2P industry, which is expected to be released in early autumn,…

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Will the Regulator’s Stamp of Approval Boost the P2P Sector?

This month has seen a slew of authorisations granted by the Financial Conduct Authority (FCA), meaning that some of the bigger peer to peer (P2P) platforms, previously operating with only interim permissions have now become fully authorised. The newly authorised platforms include Funding Circle, ArchOver, and Linked Finance.   The approvals follow an arduous 18-month…

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The Remorseless March of Fintech Is a Challenge for Regulators

  In a speech to MBA students at the Cambridge Judge Business School, the chairman of the Financial Conduct Authority (FCA) John Griffith-Jones, said that “Technological advances pose a challenge for regulators,” and he added, “rules that were designed for the paperwork era do not work for the online one.”   This problem is not…

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FCA Warns P2P Lenders to Steer Clear of Wholesale Lending

Peer-to-peer (P2P) lending companies are seeking clarification from the Financial Conduct Authority, (FCA) as it warns platforms to steer clear of wholesale lending because it falls outside of current P2P regulations. Wholesale lending refers to the practice of lending to financial services companies and institutions so they can then issue their own loans to borrowers.…

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FCA Seeks to Toughen Lending Rules in P2P Market

§ – FCA Seeks to Toughen Lending Rules in P2P Market

The UK’s Financial Conduct Authority (FCA) is proposing tougher rules on transparency and disclosure for P2P lending platforms, following a six-month review into the burgeoning industry. In July, the FCA made the announcement that it would be probing the multi-billion-pound alternative finance industry for the second time in two years, amid concerns that investors were…

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Alternative Finance Terminology A-Z – Part 2 (G-L)

Scrabble letters jumble – Alternative Finance Terminology A-Z – Part 2 (G-L)

“Withdrawal symptoms are what you experience every time you go near your bank” – Anonymous. All industries and disciplines have their very own unique sets of jargon – and the AltFi (that’s an abbreviation for “alternative finance”, by the way) industry is no different. Here’s Part 2 of The Route – Finance’s alternative finance terminology…

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UK FinTech Growth Facing EU Barriers Following Brexit Vote

Eu Parliament – UK FinTech Growth Facing EU Barriers Following Brexit Vote

Briatin’s vote to leave the European Union has begun to place barriers in the way of continued growth for the UK FinTech sector, according to officials. At a time when the EU is revising its rules that govern how FinTech firms present information to potential investors, the UK is finding it increasingly difficult to make its…

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P2P Lenders Call for Tougher Regulation

Order not chaos sign post – P2P Lenders Call for Tougher Regulation

P2P lenders in the UK have come forward saying that there is an “urgent” need for tighter regulation in their own industry. The concerns centre around consumers understanding the risks of P2P finance, with the Peer-to-Peer Finance Association (P2PFA) now calling for tougher regulation in order to ensure that consumers are fully informed of the…

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