INTERVIEW: Daniel Schydlowsky

INTERVIEW: Daniel Schydlowsky

Bonds

LatinFinance: Peer-to-peer lending and crowdfunding are spreading throughout the region.  Should they be regulated within the financial system?   Schydlowsky: If it is not a depository institution, then in principle it is not regulated. Now, there are non-depository institutions in Peru, known as Edypymes, that issue bonds and are regulated. They are like halfway houses in some sense. It is a gray area, but there are a bunch of institutions, NGOs, etc., lending all over the place that are unregulated. It’s a risk. If they lend money and do not get repaid, it’s their problem. They do not have deposit insurance or regulations. There are always going to be gray areas, partic

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