Tagged: christine farnish

P2P Lender Folk2Folk Joins Peer to Peer Finance Association

Peer to peer lender Folk2Folk has joined the UK Peer to Peer Finance Association (P2PFA).  The P2PFA is acknowledged as a stamp of quality operations as members are held to a high standard and required to follow certain transparency guidelines.  According to the P2PFA website, the… Read More

FCA Interim Crowdfunding Report Released: Regulatory Update Foreshadows Future Rule Changes

The Financial Conduct Authority (FCA) has released their much anticipated interim report on debt and equity crowdfunding. The document addresses both peer to peer lending and investment crowdfunding platforms and the current state of operations as the new approach to capital formation evolves. Andrew Bailey,… Read More

UK P2PFA Data: Over £700 Million in New P2P Lending During Q3

The UK Peer to Peer Finance Association (P2PFA) has released data for member platforms for Q3 2016. According to their numbers, new P2P loans hit £700,374,000 driving cumulative lending to just under £6.5 billion. Aggregate lending was an improvement over year prior quarter indicating ongoing… Read More

UK P2P Finance Association Releases Major Research on Economics of Peer to Peer Lending

The UK Peer to Peer Finance Association (P2PFA) has released a commissioned study on the economics of the peer to peer lending market in the UK.  The independent assessment, provided by the economic consulting firm of Oxera, analysed the risks, costs and benefits of peer-to-peer… Read More

FCA Chief Told Parliament Committee Crowdfunding is Too Small to Be Systemically Important

Financial Conduct Authority (FCA) Chief Executive Andrew Bailey gave a Parliament Treasury Committee a crash course on Crowdfunding 101 this past June.  The letter by Bailey was recently posted on the Treasury Committee website, along with a statement from Andrew Tyrie MP, Chairman of the Committee,… Read More

Dear Mr. Bailey, “The Peer-to-Peer Lending Sector Has Embraced a Level of Transparency Which is Unrivaled in Financial Services”

The UK Peer to Peer Finance Association has released a letter addressed to Andrew Bailey, Chief Executive of the FCA, buttressing their position regarding the recent dialogue with the House of Commons’ Treasury Select Committee. This past June, Andrew Tyrie, MP, Chairman of the Committee,… Read More

UK P2PFA Releases Peer to Peer Lending Data for Q2 as Growth Slows

The UK Peer to Peer Finance Association (P2PFA) has released its second quarter numbers for 2016. The P2PFA was founded in 2011 as a self-regulatory body for the sector to promote high standards of conduct and consumer protection and represents the largest P2P lenders in… Read More

UK Crowdfunding Industry Comments on FCA’s Call for Input on Rules

As announced earlier today, the Financial Conduct Authority (FCA) has requested feedback from interested parties regarding the regulatory environment for debt and investment-based crowdfunding. The process is part of an anticipated periodic review of this new form of finance. Original rules were enacted in 2014…. Read More

UK P2PFA: FCA Regulatory Review is an Opportunity to Ensure Protection, Innovation & Competition

The UK Peer to Peer Finance Association (P2PFA) has released a comment on the forthcoming review of crowdfunding rules by the Financial Conduct Authority (FCA). The P2PFA called the post-implementation review of crowdfunding rules an opportunity to ensure an appropriate balance of regulation protecting investors… Read More

Brief: P2P Skeptic Lord Adair Turner to Speak at Lendit Europe

Lord Adair Turner, former FSA Chair and pointed critic of the UK peer to peer lending industry is scheduled to speak at Lendit Europe in London this fall.  Turner, speaking with the BBC earlier this year, made the statement; “The losses which will emerge from… Read More

UK Treasury Committee Expresses Concern on Risk of Peer to Peer Lending

  The Chairman of the UK Parliament Treasury Committee has written both Tracey McDermott, head of the FCA, and Andrew Bailey, Deputy Governor of the Bank of England for Prudential Regulation, to enquire if consumers may benefit from further regulation of the peer to peer… Read More

LendIt Teams Up With P2P Finance Association to Host Upcoming European Conference

Organizers of the online lending conference, LendIt, announced on Friday that they have teamed up with P2P Finance Association to host the third annual conference, LendIt Europe 2016. The event will be held October 10th-11th, 2016 in London. LendIt stated that the european event will feature 150 speakers… Read More

UK P2PFA Reports £715 Million in New Lending During Q1 2016

The UK Peer to Peer Funding Association has released its most recent quarterly numbers for the P2P lending industry. According to their tally, member platforms generated £715 million in Q1 of 2016 with quarter on quarter growth continuing its upward march. In the same quarter… Read More

Former FSA Chair Lord Adair Turner Warns About Peer to Peer Lending. Industry Leaders Disagree

In an interview today on BBC, Lord Adair Turner, former Chair of the FSA (predecessor to the FCA), shared his opinion on banking and the financial industry in general, including a discussion on the burgeoning peer to peer lending sector.  Lord Turner, it appears, is… Read More

UK P2P Industry Lent £2.2 Billion in 2015

The UK Peer to Peer Finance Association (P2PFA) has published end of year numbers for 2015. The P2PFA tracks the top peer to peer lenders in the UK.  In Q4 of 2015, P2PFA members generated just shy of £650 million in loans. Their numbers also… Read More

UK P2PFA Releases Q3 Lending Data. Updates Platform Operating Principles

The Peer to Peer Finance Association (P2PFA), the trade group that represents P2P lending platforms in the UK, has published data reflecting member loans for Q3 of 2015.  The P2PFA represents over 90% of loan volume in the UK and is highly representative of industry… Read More

LendIt / P2PFA Prepare for Second Annual European Conference, Harriett Baldwin MP Selected as Keynote Speaker

  As previously announced, LendIt has partnered with P2PFA for the second annual European conference to be held in London this coming October. The P2PFA, the UK industry body for peer-to-peer lending, works to promote high standards of business practice and an effective regulatory framework. Current membership includes… Read More

UK P2PFA: £500 Million in Peer to Peer Loans in Q2 2015

The Peer to Peer Finance Association (P2PFA) in the United Kingdom has released its quarterly tally of P2P loans for Q2 and according to the association loans came in at £507,336,204. This is for both consumer and SME loans and represents an increase of £48,103,898… Read More

Leaders of Innovative Finance Respond to UK Budget Policy, Embrace ISA Approach

  The Chancellor of the Exchequer’s summer budget was said to put economic security first and was a plan for “working people”. But incorporated in the policy statement was also aspects that should benefit disruptive financial firms on both the debt and equity side of… Read More