The governments and regulatory authorities of developed nation states have a major imperative: to control the nature of cryptocurrencies and the way they do business. Our friends at Crowdfundinsider reports on a seminal piece of litigation in the US: In December 2020, the Securities and Exchange Commission (SEC) filed a complaint in a New York federal court against Ripple […]
On top of Covid issues, there are genuinely man-made threats to our financial environment – as investors in LCF bonds, as lenders who lost money in the collapse of the Lendy direct lending platform will doubtless agree. The FinTech Times looks at another major man-made problem, and the outlook for regulation in the wake of […]
Our friends at AltFi offer more detail, in so far as currently available, on the governmental FinTech review, as announced in the Budget. We welcome the government’s move – if it promotes a light touch and a principles-based approach to regulation. The review will be headed by Ron Kalifa OBE who is a non-executive director […]
Crowdfunding harmonisation in Europe is finally here. The publication of the new regulatory structure has been keenly anticipated. Our feeling, however, is that it’s all a little too late. The UK, easily Europe’s biggest crowdfunding market, is on its way out of the EU. Our friends at Crowdfundinsider report: According to a notice published by […]
New regulations for platform lending, also known as the peer-to-peer (P2P) sector come into effect on Monday. We’ve reported on this several times. Here’s the take from our friends at Crowdfundinsider: The new rules were the result of a review by the UK Financial Conduct Authority (FCA). The UK largely created the entire sector of […]
City A.M. reports on a long-awaited move from the top regulator. Mini-bonds, which have seen too many investors lose a lot of money, are on the way out. Here’s a an excerpt from the report. The Financial Conduct Authority (FCA) today set out to ban the mass marketing of speculative mini-bonds to ordinary investors. The […]
The story of finance since the turn of the century has been one of the industry’s forging ahead, and regulators and legislators struggling to keep up. Financial technology is very exciting and innovative – but the new world is full of new risks as well as rewards. These need to be monitored. There are several […]
Today, we offer an excerpt from an interesting take on regulation from our American cousins. This opinion, piece, in Forbes magazine, deals with the regulation of digital assets and financial synthetics – but it offers a different way of looking at things during a period of change in the regulation of financial markets, including alternative […]
Our friends at Professional Adviser run an opinion piece predicting that the Innovative Finance individual Savings Account will suffer because of regulatory or governmental hostility and/or ignorance. We believe that the peer-to-peer (P2P) lending industry is already seeing a shake-out (losing the platforms that don’t have solid business practices and especially conservative risk-analysis policies). Our […]
Following on from yesterday’s piece about the Financial Conduct Authority’s plan to implement higher levels of transparency in reporting and regulation of peer-to-peer (P2P) loans, we thought we’d offer more detail on our managed portfolio service. Why? Because we use asset-management permissions granted by the FCA, to offer this service. The new system for P2P […]