For many years, Europe has been a major center for international finance, something which has been fostered by the rise of financial technology. Crowdlending has witnessed an explosive growth recently both in size and usage, leading to speculation that the sector could be a threat to the traditional financial institutions such as banks. P2P growth …
What Role Does Peer to Peer Lending have in the Economy? Read More »
Today is the day that the new crowdfunding rules for P2P lending platforms come into force. With great anticipation the industry has tried to prepare itself for the impact as the new rules seek to address a number of essential aspects of the business models of crowdfunding platforms. An increasingly complex sector, platforms making decisions …
The UK’s New P2P Lending Rules: Storm In A Water Glass or Game Changer? Read More »
Today the Financial Conduct Authority (FCA) published a Call for input to the post-implementation review of the FCA’s crowdfunding rules. In this paper the regulator sets out some of the recent developments across the crowdfunding sector and a number of concerns that the FCA has identified in response. The FCA wants to gather feedback from all interested parties relating to …
Switzerland traditionally has a strong banking sector, so it’s not surprising for the country trying to establish itself as a leading FinTech hub. Somewhat in need of diversification following the increasing pressure on its private banking activities with the de facto end of the famous Swiss bank secrecy as well as the increased competition from …
The French Minister of Economy, Emmanuel Macron, spoke at the annual meeting of the Association of French crowdfunding platforms, Financement Participatif France, where he proposed several changes of the French regulation of crowdfunding. One of the proposals was that the government will propose to raise the ceiling of equity fundraising per issuer from currently €1 …
French government aims to raise the ceiling of equity fundraising Read More »
The FCA today published a statement on peer-to-peer applications for full authorisation. The FCA stated that “this is a young and innovative market and it expects the Innovative Finance ISA, which launches on 6 April, to further increase consumers’ awareness of peer-to-peer lending (P2P). The FCA is keen to promote effective competition in this market. We …
The FCA today published the policy statement “PS16/8: FCA Handbook changes regarding the segregation of client money on loan-based crowdfunding platforms, the Innovative Finance ISA, and the regulated activity of advising on peer-to-peer agreements”. This policy statement summarises and gives the FCA’s response to feedback to CP16/4: Loan-based crowdfunding platforms and segregation of client money …
FCA publishes Handbook changes for crowdfunding and P2P lending Read More »
The FCA today published the Policy Development Update – Issue 30. The document provides information on: publications issued since the last edition information about recent Handbook-related and other developments other publications – consumer publications, guidance consultations and finalised guidance an updated timetable for forthcoming publications This month the Policy Development Update includes an updated timetable for future …
The FCA has published its monthly e-mail to all regulated firms with an update on the latest news that affect the sector. The paper can be found here. This month’s hot topics include: Packaged Retail and Insurance-based Investment Products (PRIIPs) – The Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation is a major piece of …
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