jonah
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Post by jonah on Oct 10, 2016 21:08:11 GMT
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Post by propman on Oct 11, 2016 8:50:13 GMT
Interested in your report that default rates have generally been below expected bad debts at origination. Were there any numbers on this? In particular RS in 2013/14 (and Zopa in 2008) have revised expected bad debt expectations after origination and I think the P2PFA standard is based on expectation at the end of the year as the quoted value. As this is an average of 6 months after origination, performance relative to expectation when loan is written is not widely available.
- PM
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registerme
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Post by registerme on Oct 11, 2016 14:23:07 GMT
Nice blog post easteregg, thank you  . But "Borrowing rates of 113% APR would be a tenth of the competition and lending rates of up to 15% AER with bonuses and protected capital would be offered".  , not sure who's robbing who there! |
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ablender
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Post by ablender on Oct 11, 2016 16:38:57 GMT
Full report of P2P by Reinder van Dijk can be downloaded from Oxera web site. Video on youtube: The First Economic Analysis of P2P Lending in the UK
"While the new lending platforms are not doing something fundamentally new in credit underwriting, both they and the challenger banks might be able, if managed well, to do well established forms of credit analysis as well or better than the incumbent banks, and they can certainly aspire to provide better customer service. " Lord Adair Turner - Institute for new economic thinking Interesting: perhaps banks are not going to be proven to be geniuses after all: Non-Bank Lending and Systematic Risk: Problem and Solution |
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Maestro
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Post by Maestro on Oct 11, 2016 18:14:52 GMT
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Post by easteregg on Oct 12, 2016 13:56:41 GMT
I've finally published my summary of day 2 of LendIt Europe. I did write a very long post last night but GWR WiFi managed to loose it as I tried to post it!
blog.p2pmoney.co.uk/lendit-europe-2016-day-2
A couple of important takeouts from LendIt:
IF ISA's could be available this year Zopa's safeguard fund would not handle a recession Funding Circle's bad debts would rise to 1.6 times current levels during a recession USA, China and UK are leading the way in alternative finance adoption P2P FA believes having a mix of funding sources (retail, institutional and government) is a good thing
There is a slide on the day 1 summary that addresses the question bad debt data vs actual.
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Post by wiseclerk on Oct 12, 2016 15:04:02 GMT
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. But "Borrowing rates of 113% APR would be a tenth of the competition and lending rates of up to 15% AER with bonuses and protected capital would be offered". 
, not sure who's robbing who there!
