We're delighted to confirm that our co-founder Dena Chadderton will be appearing at the P2P Investing Summit next week, organised by Peer-to-Peer Finance News. Dena will be sharing her expertise on the impact that regulation is having on P2P investing.
The event is taking place on 13 July 2020 and full details can be found here.
It has been a busy period once again in the regulation of the peer-to-peer (P2P) lending market. December 2019 brought a marked step change in the requirements around governance and the marketing of P2P firms.
With the introduction of appropriateness tests, marketing restrictions for retail customers and stricter controls around how the firms are managed, there would already be plenty to discuss. Since then, however, the pace of change appears set to continue.
The FCA's direction of travel seems to be one of increasing regulation around products it classes as “high risk”, a category which includes P2P investments. The latest thinking on this, set out in the recent discussion paper, DP21/1, will no doubt be discussed as the new proposals create a mass marketing ban for the whole sector.
The panel, which includes a Q&A session, considers amongst other things, if the sector is already sufficiently regulated or if even tougher rules are needed. It looks at if these restrictions are good or bad for investors.