The Oxford University Law Faculty looks at regulation in the light of what it calls a data-driven Big Bang. This paper examines initiatives in financial and trade reporting (MiFID II), data protection (GDPR) and open banking (PSD2) – all of which have Europe-wide effect. The argument runs that the collective effect of these separately designed […]
It’s now almost exactly five years since the first peer-to-peer (P2P) loans were made available for lenders’ perusal on the Money&Co. site. Back then, of course, this young industry was even younger – in the world of alternative finance, five years is a long time. The industry has settled down a little since 2014. Once […]
There’s a well-known legal saying that hard cases make bad law. A similar logic applies to regulation – which is not quite legislation or case law, but you probably know what we mean. Our friends at P2P Finance News carry reaction from the industry to the Financial Conduct Authority’s proposed changes to the marketing of […]
Regulation of financial offers to the public is both important and necessary. This is especially so in the growing alternative finance sector, where the barriers to entry are relatively low. Part of the reason that mainstream banks are slow-moving and expensive is that it’s very expensive and time-consuming to get a mainstream banking licence. So […]
As the new week begins, the once-irresistible rise of Bitcoin, the leading cryptocurrency, hits a six-week low of around $3,400. That’s a decline of over 70 per cent from a year ago at $11,500 levels. Anyone buying Bitcoin in mid-December 2017, just over 13 months ago, would have seen an even more painful decline as […]
Our friends at P2P Finance News run a profile interview with Money&Co. CEO, Nicola Horlick. Here is the first part of the article, with a second instalment to come in the week. Prior to the economic crash in 2008, the vast majority (estimated at 91 per cent) of funding to small- and medium-sized enterprises (SMEs) […]
As our sector of alternative finance matures, so does the regulation and oversight. The the peer-to-peer (P2P) business lending sub-sector of crowdfunding is where we operate, and, with the advent of the Innovative Finance Individual Savings Account (ISA) a lot of attention has rightly been devoted to P2P. It’s right because companies such as Money&Co. […]
Peer-to-peer lenders have said there is an “urgent” need for tougher regulation of their own sector to ensure that consumers understand the risks they are exposed to, according to a recent report in The Financial Times. The reported intention is to avoid “a future backlash if investments fail to perform.” At Money&Co., we welcome this […]
Our friends at Crowdfundinsider showcase an opinion piece on regulation by Italian lawyer, Alessandro Perro. The focus is on regulation. Mr Perro points out: “The European internal market exploded: more than E5.4 billion was collected through alternative finance in 2015, according to a University of Cambridge report, with about E7 billion forecasted by the end of […]
Our friends at Crowdfundinsider report on regulatory moves in Europe and the UK, citing a CNBC interview from EU Commissioner Valdis Dombrovskis. “[Dombovskis] replaced Jonathan Hill of the UK at the Commission following the Brexit decision. He recently sat down with CNBC for an interesting interview where he shared some insight into his perspective on the Capital […]