Post by gsp on Sept 17, 2019 20:48:39 GMT
The FCA has said that Collateral had interim permission but the permission was not for peer to peer lending or running an electronic platform. FCA claims that they unaware that Collateral was running a peer to peer platform electronically.
But then when you look at Albrate they also did not have interim permission for peer to peer lending or interim permission for running an electronic platform.
So why is it one rule for one platform and a different rule for another?
Also is anyone happy about BDOs performance? The last update was never emailed out and we are expected to check on the website daily to see if there are any updates. BDO was planning to publish the next update in 2020, when they were told that this is not good enough they now say by the end of 2019.
BDO has breakdowns for some investors transactions, they said that they would not give this out because then they would have to do the same for everyone. Is this what we want to pay BDO for? Doing half a job? They are now working on providing a breakdown for everyone.
But then when you look at Albrate they also did not have interim permission for peer to peer lending or interim permission for running an electronic platform.
So why is it one rule for one platform and a different rule for another?
Also is anyone happy about BDOs performance? The last update was never emailed out and we are expected to check on the website daily to see if there are any updates. BDO was planning to publish the next update in 2020, when they were told that this is not good enough they now say by the end of 2019.
BDO has breakdowns for some investors transactions, they said that they would not give this out because then they would have to do the same for everyone. Is this what we want to pay BDO for? Doing half a job? They are now working on providing a breakdown for everyone.
