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Join Mastering ECSP: Individual Portfolio Management of Loans and its specifics Webinar #6 – 13 April 2022

by EUROCROWD on 07.04.2022

Our next Mastering ECSP webinar is taking place on 13 April 2022, at 17.00 CET, and during this session, we will take a closer look at Individual Portfolio Management of Loans.

Individual portfolio management of loans refers to the allocation of investors’ funds by a crowdfunding service provider, potentially to one or more crowdfunding projects following a mandate specified by the individual investors. On one hand, this creates an interesting reality, where the investor does not allocate her funds unilaterally but provides only parameters that a crowdfunding service provider follows. On the other hand, since the decision-making is not only on the shoulders of the investor it calls for an increased set of guarantees that the investors’ funds will be allocated in an adequate manner and in accordance with investor’s preferences and risk appetite. ECSP regulation therefore contains an additional set of regulatory requirements for those providers, which conduct such management of loans. Concretely, ECSP establishes minimum parameters of the investment mandate, requires credit risk assessment, storing and management of data related to loans provided in this manner, and specifies the requirements for contingency funds. In addition to and following a mandate given by ECSP, EBA in close cooperation with ESMA prepared a set of rather detailed technical standards on individual portfolio management of loans. Even then, the implementation of the given regulatory requirements is, to say the least, challenging for the platforms that intend to provide this particular service.

Joining us as a speaker is Umberto Piatelli, Partner, Head of Financial Services, Italy in Osborne Clarke.

Mr Piatelli is the Head of the Italian Financial Services team and Head of Osborne Clarke International’s Alternative Finance group. His experience spans extraordinary finance transactions - including M&A, private equity and equity/debt capital market - and financial regulation, in particular as far as regards alternative forms of finance and Fintech.

Since 2014, he has represented Italy in the European Crowdfunding Stakeholders Forum, a group of experts selected by the European Commission to provide legal advice to the Directorate General “Internal Market”. He is a member of the Technical Committee for Credit & Finance of Assolombarda, as Head of the Alternative Finance and Capital Market Union sectors, and a member of the Technical Committee of Associazione dei Prestatori dei Servizi di Pagamento – the Italian Payment service providers association - with the task of following the development of the financial service regulations.

The webinar will be moderated by Ivona Skultetyova, our senior research and project manager and Oliver Gajda, EUROCROWD’s executive director.

Mastering ECSP is a series of bi-weekly webinars dedicated to crowdfunding service providers, organized in partnership with Osborne Clarke, PwC and Taylor Wessing. For more information on the whole series, as well as topics and dates of the future webinars, please visit this page

To save your spot at the event, you need to be a EUROCROWD member or receive an invitation.

If you would like to participate in the discussion, please send us an email to

To become a member and access the complete webinar series as well as other benefits, contact us and we will guide you through the process.

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