Provision Fund Representative Image
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P2P Lending – what is a Provision Fund?

Last week there was some controversy when one of the larger platforms, in the interests of transparency, published the size of their Provision Fund and how they managed it. The platform in question cited a Provision Fund of £17m and interestingly it was not the size of the fund but

Lord Turner Invite
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An Open Invitation to Lord Turner

During yesterday’s BBC Today programme, Lord Turner, ex FCA regulator turned Banker, declared “the losses which will emerge from peer-to-peer lending over the next five to 10 years will make the bankers look like lending geniuses”.   To put that into perspective, the National Audit Office revealed the full extent