And some investors will continue to gamble by taking speculative positions on crypto-assets. Today I will argue that the fundamental flaws of crypto-assets mean that they can quickly collapse when irrational exuberance subsides. We should therefore focus on protecting inexperienced investors and preserving the stability of the financial system.
The research will involve borrowers who have mortgages with four mainstream lenders and are in the MARP since 1 January 2011, when the revised Code came into effect. We want to understand the borrower’s experience and treatment when in the MARP.