1.UK – P2P
The FCA chief executive has been given a hard time by small investors at a recent meeting.
2. UK – Real Estate
Property Industry Eye on news of a platform’s third chief executive in five years.
“Property Partner, a property crowdfunding firm which enables people to invest in property by taking shares in individual houses, has a second new CEO in the space of just over a year and is now on its third within five years.
Property Partner, backed by Octopus Ventures, was founded in 2014 as a ground-breaker by Dan Gandesha, who stepped down in April last year.”
3. UK – P2P
The Financial Conduct Authority (FCA) will soon make it mandatory for all peer-to-peer platforms to introduce an “appropriateness test” for new investors, according to P2P Finance News.
“The purpose of the test will be to weed out any unsuitable lenders, and any potential lenders who do not fully understand the risks associated with P2P. However, opinions differ on what this test will actually look like.
According to FCA guidelines, the appropriateness test should include a range of questions which will assess the investor’s understanding of the relationship between the borrower and the platform, and their exposure to the risks of P2P lending. It should also confirm that there is no Financial Services Compensation Scheme (FSCS) protection, that returns may vary and that P2P investments are not comparable with a savings account.”
4. US – P2P / Real Estate
5. International – FinTech
Facebook’s Libra ruffles more mainstream finance feathers.