Regulating non-bank lending: balancing opportunities and risks of fintech and cryptoassets financing

Regulating non-bank lending: balancing opportunities and risks of fintech and cryptoassets financing

Roundtable   Virtual   
  Tue 13 Sep 2022 12:00 - 13:00

The average buy now, pay later user in the UK is paying off loans worth £293, according to Barclays data, with almost half using multiple BNPL providers at the same time. Different formats of cryptoasset lending platforms are also entering this space, prompting institutions to assess product and consumer safety.

One report looking into this was published earlier this year by the European Banking Authority, highlighting concerns around unregulated access to credit by non-bank lenders. Jose Manuel Campa, chairman of the EBA, joins OMFIF to explore these potential risks, identifying four key areas for discussion: supervision, consumer protection, anti-money laundering and macroprudential risks.

Timings:
12:00-13:00 (London)
07:00-08:00 (New York)
19:00-20:00 (Singapore)

Speaker:

Jose Manuel Campa
Chairman
European Banking Authority

This virtual discussion is part of the OMFIF Digital Monetary Institute. The OMFIF Digital Monetary Institute is a high-level forum which convenes key policy-makers, technology experts, investors and regulators to explore the challenges, opportunities and implications of digital finance in the 2020s. See more information on OMFIF’s DMI here. Please contact folusho.olutosin@omfif.org directly for membership details or register your interest below and we’ll be in touch.

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