Bates Wells Compliance comments on FCA P2P review

Gillian Roche Saunders, Partner and Head of Bates Wells Compliance, has commented on the release of the Financial Conduct Authority’s (FCA) regulatory review of crowdfunding regulations. Her remarks have been covered by leading alternative finance publications, P2P Finance News and Crowdfund Insider.

Following the launch of the report, which revealed that the FCA is launching a new consultation into the Peer-to-Peer (P2P) market, Gillian’s insights were featured in news pieces produced by P2P Finance News and Crowdfund Insider which focused on the key implications of the review’s key findings for the financial services industry.

Speaking to Crowdfund Insider, Gillian argued that “the FCA has truly looked under the bonnet of the industry and identified three sub-strata of lending platforms along with ancillary services that create very different experiences and risks for consumers”. As a result, this will form “the foundation of a much more sophisticated and targeted supervisory approach from the regulator.”

Alongside other industry experts quoted by P2P Finance News, Gillian said that “with ringfencing and resolution manuals on the menu, the P2P industry could be seeing considerably higher levels of regulation than other platforms.”

If you’d like to read the P2P Finance News and Crowdfund Insider pieces in their entirety, click here and here for more details.

This information is necessarily of a general nature and doesn’t constitute legal advice. This is not a substitute for formal legal advice, given in the context of full information under an engagement with Bates Wells.

All content on this page is correct as of August 1, 2018.