Following a request from the Latvian Alternative Financial Service Association (LAFPA), on 3 November 2016, Sorainen associate Edvîns Draba attended a discussion on “Peer-to-peer lending regulation: Latvia’s opportunity to be competitive in Europe” organised by the LAFPA at the premises of development finance institution ALTUM in cooperation with peer-to-peer lending platforms – Mintos, Twino, and Viventor – established in Latvia. Attendees included representatives from the Ministry of Finance, the Ministry of Economics and Consumer Rights Protection Centre, ALTUM board member Jçkabs Krieviòš, as well as invited economists Ojârs Kehris and Ilmârs Kreituss.

Participants discussed development of the peer-to-peer lending industry in Latvia, as well as the expected draft law developed by the Ministry of Finance and providing regulation of peer-to-peer lending platforms.