Euro Credit Risk completes £500m P2P review
ECR carried out reviews on the new business acquisition, underwriting processes and cash management procedures for a number of UK based peer-to-peer lenders and funders.
The reviews covered a cross section of asset classes to ensure compliance with company and regulatory policies.
In addition ECR was asked to review core critical practices such as banking, cash handling, complaints handling, system, data and document security.
The reviews were also conducted with careful account of the constantly evolving regulatory environment and subsequent ensuing requirements placed on participants in this arena.
Rod Moulton, chief executive of ECR, said: “I am delighted to have won the confidence of major financial institutions in delivering complex and expert services and to be able to count them as clients.
“The ECR team is equally pleased to have been recognised as having such in-depth understanding of banking and the financial services industry generally, both in the home markets as well as in several EU jurisdictions.”