Post by Butch Cassidy on Mar 22, 2016 7:51:29 GMT
Latest Bondora e-mail;
"With great delight we are excited to announce that as of yesterday (21st March 2016) we have received the Credit Provider licence from the FSA (Estonian Financial Supervision Authority). The FSA is the main regulatory body in Estonia which governs and oversees financial institutions. They ensure that financial institutions are able to meet obligations towards their customers and that the services they provide are of the highest of standards.
The application process has been very thorough and we have been working extremely hard for nearly a year to fully comply with all of the stringent requirements set out. Holding an active dialogue with the FSA throughout the whole process we have developed and greatly improved our operating structure that will align the interest of borrowers, investors and Bondora in a way that is unmatched in Europe. We hope that all of this will increase confidence in everyone lending and borrowing through Bondora."
Obviously the standards are subjective then.
