Crowdfunding
(asked on 4th December 2014) - View Source
Question to the HM Treasury:
To ask Her Majesty’s Government whether they have had any discussions with the Bank of England and the Financial Conduct Authority about whether to allow the securitisation of peer-to-peer consumer or business loans.
This question was answered on 19th December 2014
Her Majesty’s Government have not had any discussions with the Bank of England, the Financial Conduct Authority (FCA) or credit rating agencies about the securitisation of peer-to-peer loans.
However, since April 2014, the peer-to-peer lending sector has been supervised and regulated by the FCA. The FCA monitors risks in any regulated sector on an ongoing basis.