The problems of legal regulation of P2P lending in the Russian Federation

The study describes the specific development of laws and regulations governing relations in the field of P2P lending, or crowdlending, in the Russian Federation. Based on the analysis of international experience, this form of credit and its main features are defined. The international practices in regulating issues in the above-mentioned field are analyzed, and the activities of business community and its regulation are investigated. Besides, the basic models for regulating the crowdlending market are identified. Thus, the research reveals the areas affecting P2P lending that are to be regulated. The author highlights the main risks related to the development and functioning of the system of this type of lending. In addition, the researcher examines the prospects for creating a future regulatory environment for such a market considering the best practices of other states.