I believe AB became CEO of the FCA on 1st July 2016. The seeds for the mess that is P2P were sown long before then. So hard to place all the blame on AB. Personally I wouldn’t even necessarily place the blame on his predecessor. I think a root cause of the mess is George Osborne and the Treasury. I don’t expect that view to go down well with posters and readers of this forum, but that’s how I see it.
I don’t really care who is to blame just “GET COLLATERAL SORTED “
Get current funds distributed and then work on compensation etc. This is taking far too long.