bigfoot12
Member of DD Central
Posts: 1,817
Likes: 816
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Post by bigfoot12 on Jan 21, 2018 12:39:10 GMT
I think the fca need to spend more time on considering introducing limits and making platforms advise the costs of wind down for an investors portfolio. I'm not so sure. I think that that it is better if lenders realise and accept that they are taking risks and behave accordingly. There is a risk with more FCA rules that the platforms becomes more expensive to run, might look safer, but probably not be any safer.
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,447 
Likes: 945
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Post by stub8535 on Jan 21, 2018 14:25:45 GMT
I think the fca need to spend more time on considering introducing limits and making platforms advise the costs of wind down for an investors portfolio. I'm not so sure. I think that that it is better if lenders realise and accept that they are taking risks and behave accordingly. There is a risk with more FCA rules that the platforms becomes more expensive to run, might look safer, but probably not be any safer. bigfoot12 1 more rule to say that book run down must be done by a company with no connected directors in common to the second degree" would not be too expensive for p2p platforms to administer. In fact, it makes it cheaper as they do not then have the second company to administer.
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p2pclive
Blockchain specialist
Posts: 25
Likes: 9
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Post by p2pclive on Jan 21, 2018 22:24:57 GMT
I'm not so sure. I think that that it is better if lenders realise and accept that they are taking risks and behave accordingly. There is a risk with more FCA rules that the platforms becomes more expensive to run, might look safer, but probably not be any safer. bigfoot12 1 more rule to say that book run down must be done by a company with no connected directors in common to the second degree" would not be too expensive for p2p platforms to administer. In fact, it makes it cheaper as they do not then have the second company to administer. Opens up a whole can of worms though in terms of privacy, better the devil you know.
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Post by elephantrosie on Feb 4, 2018 0:00:04 GMT
i have not got a formula, but i often remind myself to keep each platform limit to less than 50k. whatever amount i invest in per loan, it should not affect myself emotionally and mentally if they default. i am not willing to exchange a peaceful mind for increasing passive income.
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