The Anonymous Widower

Another Reason To Go Peer-To-Peer

The Times is reporting today that the Prudential Regulation Authority is going to compel banks to raise another £120 billion in equity over the next few years. Most of this will probably be raised from a whole collection of unsavoury characters ranging from Russian oligarchs to Arab sheikhs, whose biggest things in common other than the money, are being lucky in the first place and a general disregard for human rights and the real people of this world.

In five or so years tine, I wouldn’t bet on any major bank being UK-owned.

So peer-to-peer lending is starting to look even more attractive, as those behind their money, are the general populace of the Internet.  My only worry is that the Prudential Regulation Authority, tries to impose its excessive rules on peer-to-peer lenders.

What we also need now, is a company or organisation, that handles all of the payment functions of a bank.

August 3, 2013 - Posted by AnonW | Finance, World | Banks, Peer-to-Peer Lending