Thursday, June 20, 2024

Did You Hear How Lord Turner U-Turned on His Comments on The P2P Industry?

Two weeks ago at Lendit Europe, they had the honour to have Lord Adair Turner deliver a keynote presentation at LendIt Europe 2016. Everyone was looking forward to hear what he had to say about the industry – and boy were we surprised!

In February, Turner, the former top banking regulator in the U.K. caused quite a controversy when he said “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.”

It turns out, Turner has changed his perspective on peer-to-peer lending. He said that peer-to-peer lending platforms could actually help reduce the risk of a future financial crisis.

Want to know more about what he said?

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