Brexit - Impact on P2P

There is a Dublin property loan on MT that was drawn down in Euros, but presented to us in GBP with MT committing to cover the currency risk.

The Italian Books loan on FS has the security stored in "Euroland" (I think but may be wrong).

There is a TC loan secured on a Swedish wood processing factory

Longer term the non-UK domiciled platforms (e.g. Baltic states) may find EU regulation makes it harder to operate in the UK.  For the avoidance of doubt the Isle of Man (MT) and Guernsey (Relendex) are NOT in the EU so would be unaffected, noting that in any case MT is registered in the UK. 

Except they aren't that unique.

Anybody from an EU or EEA country can move to Jersey/Guernsey/IoM without anything more than applying for a residence permit (which many EU countries also require, so no reason that the UK couldn't do that).
They can sell into the EU - in the same way as any other non-EU country can sell into the EU. VAT is payable on anything you import to the EU from Jersey, but there's a zero-duty agreement.

And so it has happened, some EU bureaucratic plonker who's name i can't be bothered to remember said.


"The UK's exit from the EU could prove to be the end of western civilization as we know it"       So P2P got no chance of survival, or maybe it has. 

Talking of plonkers, I'm expecting Cameron's next warning to be of 7 years of plagues of locusts, 7 years of floods etc, etc.

The EU plonker was Donald Tusk, so called President of the European Council I believe.

What could prove to be the end of western civilization as we know it is the EU’s failure to find a humane solution in order to control the flow of migrants into the EU and Merkel’s stupidity.

Yes and I’m referring to Europe as whole not just the UK.

Assuming that the current wave of migrants from outside the EU are eventually granted say, German citizenship or whichever EU country they claim asylum in, what is there to then prevent them coming to the UK as Poles etc. do now?

As I’ve said before, I don’t see Eastern Europeans as a problem, it’s migrants from non European cultures that could bring about the end of western civilization be it in continental Europe or the UK.

Before anyone, including the mods, jumps on that as racial hatred, it isn’t, it’s basic common sense to anyone who cares to think about it rationally.

What has Schengen got to do with it? It doesn’t stop a German national travelling to another EU country.

A Syrian becoming a German national doesn’t guarantee that individual will become integrated into a western society but they would still be able to come to the UK

Re Boris Johnson. You could have added Farage and no doubt many others who have integrated into the society of the host nation, the question is, how many of the migrants now entering the EU will espouse EU aka western society?

Again for the mods, this is intended as a reasoned argument without racial undertones.

“What's nationality got to do with "integration", whatever that means?”

Nationality is just a word to describe someone who is authorised to carry the passport of a particular country, it means absolutely nothing. Integration. May I respectfully suggest and we’ve been here before, visiting Dewsbury or Bradford and you will see people with UK nationality living a form of apartheid of their own choosing that bears no resemblance to the rest of Yorkshire never mind the UK as a whole.

“BTW, are you aware of what gaining citizenship actually involves? www.gov.uk/becoming-a-british-citizen”

I simply repeat what I said above, citizenship / nationality is just a word to describe someone who is authorised to carry the passport of a particular country, it means absolutely nothing.

Disclaimer for the mods: There is no racist intent or nuances in this post.