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Separating myth from man is the key challenge when dealing with a character of this magnitude. Often hailed as the 'best person to go on a trip with ever', as well as being the key protagonist in one of Wales' 'best surf tales ever', Splinter Griffiths wears these tags with humility and humour. The fact his dozens of major titles often take a back seat shows just how widely the skill-set is spread for one of the greatest bodyboarders these isles have produced. In this special interview, Tom and Rob are also joined by Dr Rhydian Lewis from Cardiff University's School of Mathematics - an old adversary of Splinter's. Dr Lewis, besides assisting with cutting myth from mechanics, also referees a Crest specialty event... Splint vs Richard Burton. Who walks away the undisputed cream of Port Talbot? Tune in to find out!Produced by James Dodd & Tom AndersonArtwork by GS Design CoMusic Copyright James Dodd 2020
Is 2020 Going to Be a Year of Reckoning for P2P Lending? Discussion of the new FCA rules to be implemented in December, how platforms are preparing for it and the impact it may have on the industry. Rhydian Lewis, Ratesetter Stuart Law, Assetz Capital Natasha Wear, Zopa Moderator: Andy Davis, Prospect
Patrick Jenkins and guests discuss Goldman’s decision to expand its nascent consumer business to the UK, the ructions in research caused by Europe’s looming Mifid II rules and what Citigroup’s warning about a decline in third-quarter trading means for the rest of Wall Street. With special guest Rhydian Lewis, chief executive of RateSetter See acast.com/privacy for privacy and opt-out information.
Martin Arnold and guests discuss Russian disappointment with the Trump presidency, progress in the UK peer-to-peer lending sector, and how a US disruptor bank enjoyed rapid growth by offering free checking accounts to millennials. With special guests Andre Kostin of Russian state bank VTB, Rhydian Lewis of Ratesetter and Luvleen Sidhu of BankMobile. Music by Kevin MacLeod See acast.com/privacy for privacy and opt-out information.
I am delighted to be joined on the show today once again by Rhydian Lewis CEO at Ratesetter to talk about the ultra-hot topic of provision funds in p2p/marketplace lending. Rhydian was on in the early days back in LFP019 in an episode talking about P2P beyond the metaphors. That's a good theme for today […]
Some of the leading names in the US peer-to-peer lending industry have been hit by governance problems as well as a withdrawal of some of the big institutional investors. Martin Arnold, FT banking editor, asks Rhydian Lewis, chief executive of UK-based RateSetter, whether the bubble is bursting and how the US model differs from its UK counterpart. Music by Kevin MacLeod. See acast.com/privacy for privacy and opt-out information.
Since the financial crisis new lenders have stepped in to provide businesses with funding once provided by the big banks.Can the challengers disrupt the dominance of the incumbents? Emma Dunkley puts the question to Paul Lynam, chief executive of Secure Trust and Rhydian Lewis, chief executive of Rate Setter. See acast.com/privacy for privacy and opt-out information.
Rhydian Lewis - Jazz Shapers with Mishcon de Reya
P2P (online lending and borrowing) is plagued by media (old and new) descriptions in terms of what are often just metaphors - "P2P disintermediates banks", "P2P directly connects borrowers and lenders" et al. Furthermore with a number of different models emerging (which isn't always obvious to the "paying public") it gets less relevant to say "a P2P does X" as some of them might "do X" and some of them might not. Two key models are the more ~marketplace one (eg Lendinvest in LFP013) and the Ratesetter model which is a more savings-like ~fund (the FCA has kittens with those words but that's their problem not mine :-D), stable return backed by a provision fund. In this special (ie super-long) episode we move "beyond the metaphors" to discussing what actually happens in P2P. In FS that means getting into payment flows, bank accounts, legal contracts and the like. The kind of thing that has been drawn on whiteboards in the City ever since they existed (funnily enough I don't recall blackboards being there before whiteboards?!). As an example of where metaphors are misleading, despite reading masses about Lending Club pre IPO, it was only this year that I stumbled on the fact that Lending Club doesn’t do the lending! [The actual loan is made by Webbank headquartered in Salt Lake City (and then assigned)]. Rhydian Lewis is a real star guest to discuss these issues with, as, as he explains, his first scribblings on P2P predate P2P itself by several years so he was a genuine fore-runner. He worked at Betfair (a P2P betting exchange) and as a Corporate Financier at Lazard so has real experience of tech P2Ps and hardcore FS apart from also having co-founded Ratesetter, invented the idea of a provision fund in P2P and having taken Ratesetter from a startup to the largest P2P in terms of monthly originations at present. We discuss a whole variety of topics: - Rhydian's background, what lead him to thinking of doing P2P, and how Ratesetter started - they are driven by doing something they genuinely see as good [for society as a whole] - the essence of P2P as being that the ultimate risk lies with the lender [unlike with a bank] - banks' interest in keeping money in bank accounts (which isn't threatened even slightly by P2P which "just" (at this level) is involved in a chain of transfers between bank accounts) - Ratesetter's system is anonymised (ie you do not know who you lend money to), potentially [in general] this might be de-anonymised if the platform fails [although in Ratesetter's case it would not be] - FCA requirement of a run-off plan, backup-servicers as a "passing the buck" in Rhydian's view who prefers the more "winding down/run-off plan"; a number of models out there in the market about what is planned for these circumstances - P2P's inherent strengths as it does not give guarantees or safety - it's all done on a "best efforts" basis - thus is a more manageable arrangement [cf banking where regulators are trying to make it "safe" - which ends up being incredibly costly]. "Ratesetter focuses on value not safety" - putting the above into context so far their "best-efforts" basis has shown brilliant returns - no-one has lost a penny - contracts - comparing buying an equity, depositing money in a bank or lending/borrowing through P2P - their motivation being to focus on the rate setting process (hence the name...) - interest rates are normally being set by markets to which consumers have no direct access; the motivation in Ratesetter was to create a market between people where people set the rates - this fundamentally changes the relationship with the customers. Banks on the one hand just tell their customers what the new rates are. On the other hand P2P are a marketplace where the players set the rates - it was this motivation which drove the provision fund - not a desire to be different, nor to create a ~savings product,
LendIt Europe 2014 keynote presentation by Rhydian Lewis, of RateSetter, at LendIt Europe 2014. The title of this presentation is Why P2P Lending is a Good Thing.