We are all watching the FCA very,
VERY closely wrt their eventual "actions" concerning what they're actually going to
DO about the FunSec shenanigans.
And what they're going to
DO with Collateral, Lendy, and arguably Moneything also, to name a few.
Lenders have been hung out to dry from the very beginning, the grossly incompetent FCA "governance" has been virtually zero with these P2P Platforms. Extraordinarily stupid decisions have also been made with absolutely zero concern for Lenders, the VERY people the FCA are
supposed to protect!
When it all finally hits the fan and the wider public learn of what went on, I can't see the FCA surviving.
It's a shame the FCA Board can't be sued, we'd win hands down.