FCA proposals for peer-to-peer lending considered at Centre for the Study of Financial Innovation roundtable

The Centre for the Study of Financial Innovation (CSFI) hosted a roundtable discussion this lunchtime at Armourers’ Hall to consider the FCA’s proposals for peer-to-peer lending.

Focused on the question of whether the proposals represent a crackdown or coming of age, participants considered the sector’s approach to risk management and protecting the interests of retail investors through robust transparency requirements on platforms (and the extension of comparability between different offerings). The sector’s broad welcome for the main thrust and direction which the FCA has proposed was reflected in the exchanges at the session, and the future prospects for a sector making a useful contribution to the UK economy generally welcomed.

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