In the interview, Gillian comments that one of the key takeaways from 2016 is "how crowdfunding now feels established as an alternative source of capital. Commentators often focus on valuations and vetting, and that certainly should be on the agenda, but 2016 again showed increased activity and more sophistication."
She goes on to provide insight into the Financial Conduct Authority regulatory review and predictions for the peer-to-peer lending platforms. Gillian comments that "this industry has a remarkable appetite for being proactive and constructive in their dealings with regulator and Treasury despite having good grounds for extreme frustration. One of the sector’s real strengths so far has been the ability to stand shoulder-to-shoulder and engage in a constructive way. In parts of the sector, the temptation for infighting is creeping in."
Her prediction for 2017 is such, with 2017 "might begin to show for which platforms staying in the race has paid off, and a number of interested bystanders may keep an eye out for platforms in need of a helping hand to make the most of the new opportunities."
Partner & Head of BWB Compliance
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Posted on 30/01/2017 in BWB In The MediaBack to Knowledge