Oireachtas Joint and Select Committees

Tuesday, 31 March 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Green Paper on Capital Markets Union: Discussion

2:00 pm

Mr. Mark O'Mahoney:

The move towards the harmonisation of regular infrastructure within countries. Domestically, one would see it happen on a national basis. For example, the UK has a fairly advanced peer-to-peer lending market, some of which is supported by the state. Ireland is probably some way off that situation at the moment. Even though it goes against my DNA, probably more regulation or appropriate regulation is needed in peer-to-peer lending.