Powered by MOMENTUM MEDIA
realestatebusiness logo

Subscribe to our newsletter

Govt puts spotlight on P2P lending regulation

Assistant treasurer Josh Frydenberg has listed peer-to-peer lending as an area that requires greater regulatory oversight and “answers” from government and business.

Speaking recently at the Stockbrokers Association of Australia conference in Sydney, the minister listed the rise of P2P lending as a potentially disruptive force that needs appropriate attention, along with equity crowdfunding.

“New technologies and business models have the potential to be both transformative and highly disruptive,” Mr Frydenberg said.

“Will old regulatory frameworks work effectively in emerging environments? Will they stifle rather than facilitate innovation? Will they appropriately manage associated risks?

“The answers to these questions have changed rapidly over recent years as contemporary business models are challenged.”

The government is set to introduce a legislative framework for equity crowdfunding later this year.

Advertisement
Advertisement
Govt puts spotlight on P2P lending regulation
mortgagebusiness

Latest News

With the cash rate tipping 1.35 per cent the increase in mortgage repayments will weigh on borrowers’ savings. ...

Buildings approvals continued a downward fall over May as the rising interest rate environment slows demand. ...

Islamic Bank Australia has been granted a restricted banking licence from APRA. ...

VIEW ALL

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

Do you think the new NSW property tax will help or hinder first home buyers?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.