Crowdfunding
(asked on 4th December 2014) - View Source
Question to the HM Treasury:
To ask Her Majesty’s Government what risks they consider need to be prepared for in the expansion of the peer-to-peer lending market; and whether the potential securitisation of such lending would require additional regulation.
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.