Tags: fca

Insight into FCA requirements

October 27th, 2016
FCA
Yesterday I received an email from a peer-to-peer lending platform concerning some changes to their lending model.  The platform states that these changes have been requested by the FCA in order to make their lending model compliant with the relevant le… more »

Funding Empire suspends loans until FCA approval

October 27th, 2016
Funding Empire
Funding Empire has advised lenders that they will not be issuing any new loans until they have received full authorisation from the FCA which is expected in January 2017. Funding Empire have also been sold back to the founding team, who should a majorit… more »

LendIt Europe 2016 Day 1

October 10th, 2016
LendIt
At the end of the first day of LendIt Europe there has been a huge amount of information to go through. We have been actively covering it on Twitter. The conference is around 15% larger than last year with over 900 delegates. Interestingly 10% of tho… more »

How could Scottish independence affect P2P lending

September 4th, 2014
With the Scottish referendum several weeks away, we look at how independence would affect peer-to-peer lending between Scotland and the rest of the United Kingdom. The vast majority of UK peer-to-peer companies are based in England, with one company -… more »

Peer-to-peer lending is not risk free

August 21st, 2014
FCA
Peer-to-peer lending does involve taking some risk, and they are not currently covered by the FSCS (Financial Services Compensation Scheme).  The value of a lender's loan book will vary and can fall as well as rise, with the possibility of a complete lo… more »