The crowd goes mild for peer-to-disappear performance

(Image: Getty)

Wed, 12 Apr 2023

Peer-to-peer lending and crowdfunding snuck into the 2013 Financial Markets Conduct Act at the last minute amid a buzz gathering around the investment disruptors of the day.In hindsight, the Financial Markets Conduct (FMC) drafters needn’t have rushed.Almost a decade on from the introduction of the updated New Zealand financial legal regime and the peer-to-peer market remains an uncrowded space.According to new figures released by the Financial Markets Authority (FMA), the overall peer-to-peer lending market was more-or-less flat year-on-...

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