Alternative Finance can help the UK Economy: Lord Adair Turner 

20th October 2016
P2P, Peer to Peer Lending

peer-to-peer lenders

Lord Adair Turner, former boss of the City regulator, clarified his previous comment that the losses that would be endured by peer-to-peer lenders would “make the worst bankers look like lending geniuses” at LendIt Europe last Tuesday. 

Lord Turner stated his remarks had been taken wildly out of context, and that peer-to-peer lenders in fact assess credit “as well or better” than the banks, and – far from posing systemic risk – that they could serve to help the economy. 

http://www.altfi.com/article/2309_peer_to_peer_lenders_assess_risk_as_well_or_better_than_the_banks_says_lord_turner

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