There have been substantial issues of wholesale securities using the priced guarantee, mainly by UK banks, suggesting that term markets are opening again.
There has been a lot of speculation about the effect of this sector on traditional banks: Will it disrupt their activities, broaden their reach, or maybe a little of both? Focusing specifically on nonbank alternative online lenders or online marketplace lenders, it is important to underscore that the online space is highly dynamic, with a number of business models emerging and evolving.