Legal and Regulatory Q&A

Legal and Regulatory Q&A
Panelists: Warren Mead, Global Head of Fintech, KPMG; Gillian Roche-Saunders, Head of Venture Finance, Bovill; David Blair, Head of Financial Regulation, Osborne Clark; Emily Reid, Partner, Financial Institutions Group, Hogan Lovells
Moderator: Simon Deane-Johns, Consultant Lawyer, Keystone Law

The discussion kicked off with a question about why certain P2P lenders have been denied FCA authorisation in the UK. The panel noted that in certain cases, companies do not fully understand all aspects and implications of peer-to-peer lending or are not adequately prepared. The discussion moved on to the authorisation process, the time it takes to obtain authorization, and the implications for the industry.

The panelists also discussed the role of regulation in helping investors understand credit and liquidity risk. They also discussed ways in which UK regulation can improve further to ensure the continued growth of the entire industry.