Written question asked by Lord Myners (Crossbench) on Wednesday, 5 June 2019, in the House of Lords. It was due for an answer on Wednesday, 19 June 2019. It was answered by Lord Young of Cookham (Conservative) on Wednesday, 19 June 2019 on behalf of the Treasury.
Lendy: Insolvency
- Question
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To ask Her Majesty's Government whether they will establish an independent review into the FCA’s supervision of Lendy and the actions taken by the FCA once it had raised questions about the firm’s compliance with minimum regulatory standards and disclosure to lenders.
- Answer
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There is an ongoing Financial Conduct Authority (FCA) investigation into the circumstances that have led to the administration of Lendy.
It is important that the FCA rules for P2P lending remain relevant for this evolving sector, and the new rules announced by the FCA on 4 June reflect this. These will help to ensure that investors have the information they need to make effective decisions about P2P investments, without imposing additional costs on borrowers.
Secondary information
- Type
- Written question
- Reference
- HL16113
- Session
- 2017-19
- Related items
- Subjects
- Disclosure of information Insolvency Standards Regulation Reviews Financial Conduct Authority Lendy
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2019-07-23 12:19:54 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL16113
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL16113
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL16113