On June 1, 2016, the Treasury Committee of the UK Parliament announced that Andrew Tyrie MP, Chairman of the Treasury Committee, had written to Financial Conduct Authority and the Prudential Regulation Authority requesting further information about the risks and opportunities presented by crowdfunding (also known as peer-to-peer lending). The letter to the FCA focuses on conduct risk and consumer protection and the letter to the PRA requests information about the resilience of crowdfunding platforms to economic stress.

The letter to the FCA is available at:

http://www.parliament.uk/documents/commons-committees/treasury/01062016- Chairman-to%20FCA.pdf

The letter to the PRA is available at:

http://www.parliament.uk/documents/commons-committees/treasury/01062016-Chairman-to-PRA.pdf