FT Adviser reports on the increasingly hot topic of regulation in crowdfunding. The potential ramifications of the testimony of the chairman of the Financial Conduct Authority before the Treasury Select Committee. “The chairman of the FCA has expressed concerns about peer-to-peer lending which he said was starting to look like banking, with one MP […]
The explosive growth of the UK crowdfunding industry is hugely exciting. But on the flipside of the exciting opportunities the industry’s players – and its regulators – face some pretty serious challenges. Today, we look at the regulation of our young sector. The news, broadly speaking, is – so far – very good. JD Alois […]
The excitement is mounting at Bruton Place as the countdown to the closure of our latest loan auction gets underway. Olsen Doors & Windows is attracting a host of bids – and has pulled in more than five per cent of its £250,00 target today. This B-rated four-year loan has a gross indicative yield of […]
We have good news, but we must be careful about how we share it with you. There has been another surge of interest in the latest loan offering on the Money&Co. site. A soft-furnishings manufacturer with a B-rated loan and a gross indicative yield of over 10 per cent at the time of writing attracted […]
It seems exciting, but is it safe? That’s the basis of the thinking that seems to inform many of the queries we receive from potential lenders and borrowers here at Money&Co. What we do is simple – we bring people and businesses together on our online platform. The people lend, the carefully vetted businesses borrow. […]
Today a fast-growing sector demonstrates its teething troubles. Equity crowdfunding – a sub-sector of the industry that finds investment for young companies, often start-ups, and offers an equity stake (ie, direct investment in the company) – has taken a kicking from various media outlets. A prescient Investors’ Chronicle blog from the always engaging Stephen Wilmot […]
International news agency Reuters reports on the fast growth and increasing awareness of peer-to-peer (P2P) business lending. The article examines the likelihood of P2P loans being included in NISA savings plans, and cites Money&Co.’s CEO, Nicola Horlick, who emphasizes the importance of working closely with regulators in this burgeoning young market. “Britain’s peer-to-peer lenders provided 1.24 […]
Where next for marketplace lending – or peer-to-peer (P2P) business lending? Trade media outlet crowdfundinsider reports on an impending regulatory clampdown, as covered on this site yesterday. “The peer-to-peer lending industry has widely benefited from a regulatory approach that has been deemed quite progressive. Lending firms must register and be approved by the FCA but […]
The Financial Times reports that regulators are set to clamp down on the marketing of peer-to-peer (P2P) lending platforms amid concerns that some are mis-selling their products as “risk-free” savings accounts. The Financial Conduct Authority (FCA) is now scrutinising the clarity of advertising in an attempt to protect consumers, as the alternative finance sector rapidly […]
Since when does good news emerge from a car crash? The latest Money Matters blog argues that systemic failure in the banking stem is a bad thing, but good news might emerge from difficulties in the alternative finance sector as a young industry begins to mature. The views our personal to our head of communications […]