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167891

registered interest
date	04/12/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Crowdfunding
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they have had any discussions with the Bank of England and the Financial Conduct Authority about whether to allow the securitisation of peer-to-peer consumer or business loans.
tabling member printed	Lord Mendelsohn
uin	HL3415
answer	answer is ministerial correction date of answer 19/12/2014 answer text <p>Her Majesty’s Government have not had any discussions with the Bank of England, the Financial Conduct Authority (FCA) or credit rating agencies about the securitisation of peer-to-peer loans.</p><p> </p><p> </p><p> </p><p>However, since April 2014, the peer-to-peer lending sector has been supervised and regulated by the FCA. The FCA monitors risks in any regulated sector on an ongoing basis.</p><p> </p> answering member printed Lord Deighton grouped question UIN HL3416 HL3419 HL3420 question first answered 19/12/2014 12:44:22 answering member 4262 label Biography information for Lord Deighton
tabling member	4286 label Biography information for Lord Mendelsohn

167892

registered interest
date	04/12/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Crowdfunding
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they, the Bank of England or the Financial Conduct Authority have held any discussions with the credit rating agencies about the securitisation of peer-to-peer consumer or business loans.
tabling member printed	Lord Mendelsohn
uin	HL3416
answer	answer is ministerial correction date of answer 19/12/2014 answer text <p>Her Majesty’s Government have not had any discussions with the Bank of England, the Financial Conduct Authority (FCA) or credit rating agencies about the securitisation of peer-to-peer loans.</p><p> </p><p> </p><p> </p><p>However, since April 2014, the peer-to-peer lending sector has been supervised and regulated by the FCA. The FCA monitors risks in any regulated sector on an ongoing basis.</p><p> </p> answering member printed Lord Deighton grouped question UIN HL3415 HL3419 HL3420 question first answered 19/12/2014 12:44:28 answering member 4262 label Biography information for Lord Deighton
tabling member	4286 label Biography information for Lord Mendelsohn

167893

registered interest
date	04/12/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Crowdfunding
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what is their estimate of the size of peer-to-peer consumer and business finance.
tabling member printed	Lord Mendelsohn
uin	HL3417
answer	answer is ministerial correction date of answer 19/12/2014 answer text <p>Peer-to-peer lending is an innovative new form of finance and the Government is keen to see this sector continue to grow and evolve.</p><p> </p><p> </p><p>Following representations from the peer-to-peer sector, the Government announced in November 2012 its intention to bring peer-to-peer lending within the regulatory scope of the Financial Conduct Authority from April 2014. Proportionate regulation will allow the sector to continue to grow.</p><p> </p><p> </p><p> </p><p>The Government has not made an assessment of the size of the peer-to-peer consumer and business finance markets.</p><p> </p> answering member printed Lord Deighton grouped question UIN HL3418 question first answered 19/12/2014 12:41:06 answering member 4262 label Biography information for Lord Deighton
tabling member	4286 label Biography information for Lord Mendelsohn

167894

registered interest
date	04/12/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Crowdfunding
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what plans they have to regulate the peer-to-peer lending market.
tabling member printed	Lord Mendelsohn
uin	HL3418
answer	answer is ministerial correction date of answer 19/12/2014 answer text <p>Peer-to-peer lending is an innovative new form of finance and the Government is keen to see this sector continue to grow and evolve.</p><p> </p><p> </p><p>Following representations from the peer-to-peer sector, the Government announced in November 2012 its intention to bring peer-to-peer lending within the regulatory scope of the Financial Conduct Authority from April 2014. Proportionate regulation will allow the sector to continue to grow.</p><p> </p><p> </p><p> </p><p>The Government has not made an assessment of the size of the peer-to-peer consumer and business finance markets.</p><p> </p> answering member printed Lord Deighton grouped question UIN HL3417 question first answered 19/12/2014 12:41:06 answering member 4262 label Biography information for Lord Deighton
tabling member	4286 label Biography information for Lord Mendelsohn

167895

registered interest
date	04/12/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Crowdfunding
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what risks they consider need to be prepared for in the expansion of the peer-to-peer lending market; and whether the potential securitisation of such lending would require additional regulation.
tabling member printed	Lord Mendelsohn
uin	HL3419
answer	answer is ministerial correction date of answer 19/12/2014 answer text <p>Her Majesty’s Government have not had any discussions with the Bank of England, the Financial Conduct Authority (FCA) or credit rating agencies about the securitisation of peer-to-peer loans.</p><p> </p><p> </p><p> </p><p>However, since April 2014, the peer-to-peer lending sector has been supervised and regulated by the FCA. The FCA monitors risks in any regulated sector on an ongoing basis.</p><p> </p> answering member printed Lord Deighton grouped question UIN HL3415 HL3416 HL3420 question first answered 19/12/2014 12:44:28 answering member 4262 label Biography information for Lord Deighton
tabling member	4286 label Biography information for Lord Mendelsohn

167896

registered interest
date	04/12/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Crowdfunding
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether the Financial Conduct Authority and the Bank of England are looking at modelling what level of institutional investment in peer-to-peer (P2P) collaterised loan obligations, or at what level funds established to buy P2P collaterised loans, would present a systemic risk to the financial system; and if not, whether they have done so or plan to.
tabling member printed	Lord Mendelsohn
uin	HL3420
answer	answer is ministerial correction date of answer 19/12/2014 answer text <p>Her Majesty’s Government have not had any discussions with the Bank of England, the Financial Conduct Authority (FCA) or credit rating agencies about the securitisation of peer-to-peer loans.</p><p> </p><p> </p><p> </p><p>However, since April 2014, the peer-to-peer lending sector has been supervised and regulated by the FCA. The FCA monitors risks in any regulated sector on an ongoing basis.</p><p> </p> answering member printed Lord Deighton grouped question UIN HL3415 HL3416 HL3419 question first answered 19/12/2014 12:44:28 answering member 4262 label Biography information for Lord Deighton
tabling member	4286 label Biography information for Lord Mendelsohn