News

CreditWeek 2024 | Directive (EU) 2021/2167 (so-called Secondary Market Directive – SMD): New Market Opportunities for Servicers, Investors, and Originators in Light of the New Regulatory Framework

CreditWeek 2024 | Directive (EU) 2021/2167 (so-called Secondary Market Directive – SMD): New Market Opportunities for Servicers, Investors, and Originators in Light of the New Regulatory Framework

 

On the occasion of CreditWeek 2024, organized by the news outlet Credit News at Palazzo del Ghiaccio in Milan on June 5th, EthicalFin NPL promoted a panel, strongly advocated by the company’s CEO Alfredo Fineschi, on the pressing issue of the new Directive: Directive (EU) 2021/2167: New Market Opportunities for Servicers, Investors, and Originators in Light of the New Regulatory Framework.

Will we be able to continue our current activities under the new regulation as Servicers licensed under Article 115 TULPS?

 

The directive places particular emphasis on consumer protection. Do you think the measures provided are sufficient to safeguard consumer rights?

 

What additional legislative or regulatory measures do you think are necessary to comprehensively address the issue of non-performing loans? What do you hope for beyond the Directive?

 

What are the main challenges banks will face during the transition, in light of the new rules provided by the regulation?

 

According to the draft, what are the prerogatives of the future company in question, and what remains for Servicers licensed under Article 115 TULPS who do not comply with the new regulation?

 

Until now, the out-of-court collection activities carried out by Servicers licensed under Article 115 TULPS were not regulated or associated with oversight by the Bank of Italy, so law firms also operated out-of-court. If tomorrow we impose a constraint on out-of-court activities, will law firms also be precluded from acting out-of-court?

These are some of the issues addressed by the speakers. Among the speakers was our CEO, Alfredo Fineschi, who shared the perspective of Servicers potentially interested in registering for the new register, along with many other guests who also offered their viewpoints. The participants included:

  • Alfredo Fineschi | CEO – EthicalFin NPL
  • Carmelo Raimondo | Partner Head of Banking & Finance – WST Law & Tax
  • Andrea Laurenti | Head of NPL Disposals – doValue SpA
  • Massimo Famularo | Senior Advisor Finance and NPE Department – Luigi Luzzatti SCpA
  • Marco Marino, Senior Analyst – Italian Banking Association (ABI)

The panel was moderated by Alessandro Ruocco, journalist at CreditNews.

To listen to the panel and the speakers’ contributions, click here.

CreditWeek is the first exhibition in Italy that brings together the entire credit sector. This year’s theme was people, the true driving force behind every business – a theme that resonates deeply with us. At EthicalFin NPL, we strive to put people at the center, both in our external activities and within the company, where we aim to build and maintain a serene and collaborative work environment where everyone feels valued and heard. We are delighted to have joined CreditWeek again this year, actively participating as exhibitors and panel promoters, and we are grateful for the space and trust given to us: the panel registered over 100 attendees and generated a lot of interest.

To catch up on the panel and the speakers’ contributions, click here.

News

Credit Fair 2023 – ESG, Sustainable Business and Credit Choices

ESG, Sustainable Business and Credit Choices

On Tuesday, May 23 in Milan, at the 4th edition of the Credit Fair, we sponsored the panel: ESG, Sustainable Business and Credit Choices.

The Credit Fair is the first exhibition in Italy to bring together the entire credit sector supply chain. This year’s theme was that of Synergies, in its deepest and intrinsic meaning of cooperating, acting together, toward common and shared goals. Synergies, then, as professional relationships that become a driving force for the birth of new projects.

In this prospective, there could not have been a better setting to inaugurate our partnership with Credit and Finance Business Information, together with whom we co-sponsored the panel on ESG, Sustainable Business and Credit Choices, during which we tried to decline such a complex topic in our respective fields and areas of expertise.

Speakers included:

EthicalFin NPL e Studio Legale Torre EF partecipano alla Fiera del Credito

  • ALFREDO FINESCHI | CEO & Founder EthicalFin NPL Srl
  • FRANCO MANTI | Professor of Social Ethics – University of Genoa; Director of EtApp – Research Laboratory for Applied Ethics
  • COSIMO PANAREO | CEO Credit and Finance Business Information Srl
  • DEMIS TODESCHINI | ETF Sales Italy – Franklin Templeton
  • MARCO TORSELLO | President Resilience Srl – Spin-off approved by the University of Tuscia

Moderated the panel:

  • ALESSANDRO RUOCCO | CreditNews Editor

For those who were unable to attend, you can listen to the panel discussion from the beginning here.

To stay up to date with our news, also follow us on LinkedIn:

🟣 ETHICALFIN NPL 🟣

🔵 STUDIO LEGALE TORRE EF 🔵

Business News

EthicalFin NPL and Torre EF Law Firm participate at the Credit Fair

EthicalFin NPL and Torre EF Law Firm are participating in the Credit Fair, an important event in Italy for those working in the NPL sector

It has been a year since the last Credit Fair, and the new edition already draws its stakeholders, as it does every year these days.

This fourth edition is a special occasion for EthicalFin NPL Srl and Torre EF Law Firm, both because we will participate as partners and speakers in one of the panel discussions, and because the Fair will be an opportunity to present a new collaboration that makes us very proud: the one with Credits and Finance Business information Srl.

The theme of this fourth edition is Synergies and, all the more reason for this, we could not be more pleased to announce our participation in the 4th Edition of the FdC, organized by CreditNews, inaugurating the partnership with colleagues from Credits and Finance Business information Srl.

Come and visit us at STAND 19 and at the panel discussion we organized:
ESG, ʟᴇ sᴄᴇʟᴛᴇ sᴏsᴛᴇɴɪʙɪʟɪ ᴅᴇʟʟᴇ ᴀᴢɪᴇɴᴅᴇ ᴇ ᴅᴇʟ ᴄʀᴇᴅɪᴛᴏ

Speakers:

  • ALFREDO FINESCHI | CEO & Founder EthicalFin NPL Srl
  • FRANCO MANTI | Professor of Social Ethics – University of Genoa; Director of EtApp – Research Laboratory for Applied Ethics
  • COSIMO PANAREO | CEO – Crediti e Finanza Business Information Srl
  • DEMIS TODESCHINI | ETF Sales Italy – Franklin Templeton
  • MARCO TORSELLO | President Resilience Srl – Spin-off approved by the University of Tuscia

Moderator: ALESSANDRO RUOCCO | CreditNews Editor

🔴 SAVE THE DATE 🔴

📅 Martedì 23 – Mercoledì 24 maggio 2023
📍STAND n. 19 | Fiera del Credito, at Superstudio Maxi, Moncucco street n. 35 | MILANO

⚠️ ATTENTION ⚠️ 19/05 is the deadline to register

 

EthicalFin NPL e Studio Legale Torre EF partecipano alla Fiera del Credito
EthicalFin NPL e Studio Legale Torre EF partecipano alla Fiera del Credito

 

To stay up to date with our news, also follow us on LinkedIn:

🟣 ETHICALFIN NPL 🟣

🔵 TORRE EF LAW FIRM 🔵

News

EthicalFin NPL and Torre EF Law Firm inaugurate the new offices!

EthicalFin NPL and Torre EF Law Firm inaugurate the new offices!

EthicalFin NPL and Torre EF Law Firm inaugurated their new offices and, to mark the occasion, celebrated with friends and colleagues by offering light welcome refreshments.

invito inaugurazione uffici

The new office is located in Rome at Via Aureliana 25, a ten-minute walk from Termini Station. The area is still the same, but larger offices were needed to accommodate the employees and associates of the two companies, which have come a long way since 2020-the year Torre EF Law Firm was established.

The opening party was also an opportunity to exhibit the paintings of an EthicalFin NPL employee, artist Ortensia Grassi in the duo CLORTI ART. The art name was born from the fusion of the names of the artists Clara and Ortensia.

LOGO CLORTI ART

Clara and Ortensia are mother and daughter: they started painting together in 2020, during the first lock-down, and since then they have not stopped experimenting and realizing their creative ideas. They inaugurated their artistic duo by participating in their first exhibition for the “Paris Artexpo” award and, over the years, they have experimented with different material techniques for creating their paintings (you can see some of them on their instagram profile). The common thread that unites them all is their bond, the hard work and beauty of working with four hands and the desire to stimulate the imagination of the viewer. Hence, the title of the exhibition that colored the offices of the two companies: Synergies.


Synergies: thus we inaugurate, with this powerful word, the new chapter of life of the two societies in these beautiful new offices on Aureliana Street!

Inaugurazione uffici EthicalFin NPL 004

inaugurazione uffici EF NPL      Inaugurazione uffici EthicalFin NPL

Inaugurazione uffici EthicalFin NPL

News

Festival of Bioethics 2022 – Responsibility and Ethical Finance

Santa Margherita Ligure, August 27, 2022 – EthicalFin NPL CEO Alfredo Fineschi is participating in the Festival of Bioethics, a conference organized by the City of Santa Margherita Ligure and the Italian Institute of Bioethics.

It was truly an honor for us to participate in this conference. These moments are valuable opportunities to get to know new realities, share information and network. In addition, for us this was also an opportunity to tell a bit about who we are and how we operate, within a field that is not so well known.

The common thread that united more or less all the speakers at the conference was that of responsibility (not for nothing, the title The Responsibility. Man, Environment, Animals). Our participation was included within a Round Table entitled Sustainability and Responsibility between Economy and Finance, in which we participated together with Arianna Lovera (Senior Program Officer Forum for Sustainable Finance) and Ilaria Manti (Researcher and Economic Analyst Centro Studi Federcasse).

We talked about what we are all about, what our values are, and what it means for us to work in the credit recovery sector in an ethical way.

For those who would like to learn more, you can catch up on the talk by clicking here.[/vc_column_text][/vc_column][/vc_row]

Ethical finance: a look at the world of NPLs

To listen to the speech scroll down to minute 2:17:42

Bioethics Festival
Alfredo Fineschi’s speech