New UK MPL rules set to strengthen sector

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By Tom Brown
09 Dec 2019

The UK's Financial Conduct Authority has published new requirements for marketplace lending platforms which Moody’s said will strengthen the peer-to-peer (P2P) lending environment.

“The new rules will strengthen P2P platforms' operational environment, establish a playbook for winding down lending platforms, and introduce enhanced disclosure regimes,” said James Morton, vice president and senior analyst at Moody’s. “This is credit positive for existing and future UK securitizations backed by consumer and SME marketplace ...

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