The Peer-to-Peer Finance Association is making arrangements for an afternoon seminar to be held on Monday 4 June — being hosted at the offices of P2PFA associate members Simmons & Simmons — which will explore why peer-to-peer lending is good for the economy. The event will be addressed by the P2PFA’s new Chair, Paul Smee, and will focus on the important economic ‘gap’ which is filled by the sector.
The growth of the peer-to-peer lending sector has been impressive and consistent over the last few years — with cumulative lending facilitated through P2PFA platforms approaching £9 billion; particularly marked has been that of net lending to businesses which has experienced at thirty-five per cent increase since the third quarter of 2017.
These are interesting times for peer-to-peer lending. With the next stage in the Financial Conduct Authority’s post-implementation review of crowdfunding regulation due to be published in the coming months, and regulatory proposals from the European Commission in their FinTech Action plan, the debate about how the high standards embodied in the P2PFA’s Operating Principles should be maintained across the entire sector as well as between the different markets served has a particular resonance at this time.
Equally, the P2PFA has appointed a new Chair in the last few months, and the future structure of the sector and its platforms are important as the macro-economic environment continues to change.
At this exciting time, the P2PFA has arranged a seminar in early June to bring together representatives and voices from the sector and all of those who have an interest in peer-to-peer lending to consider why peer-to-peer lending is good for the UK economy, and consider how best it is likely to develop in the coming months and years ahead to overcome the inevitable challenges which will arise.
Interested delegates can register at: https://www.eventbrite.co.uk/e/p2pfa-seminar-why-peer-to-peer-lending-is-good-for-the-uk-economy-tickets-45627867179