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City watchdog failed to visit ailing peer-to-peer firm Lendy for 14 months as it neared collapse

City watchdog failed to visit ailing peer-to-peer firm Lendy for 14 months as it neared collapse

The Telegraph - By Adam Williams

The City watchdog failed to visit the premises of troubled peer-to-peer provider Lendy for more than a year in the lead up to its collapse, despite knowing of issues at the firm. Lendy became the latest high-profile peer-to-peer platform to fail when it closed its doors in May 2019, leaving £152m of …

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