A summary of the debate is now available.
With interest rates close to 0% or even negative, traditional savings instruments (savings accounts, bonds,…) no longer yield much. Fortunately, the legal framework has recently evolved and has enabled cooperative platforms to offer new forms of investment: crowdfunding, crowd lending or the sale of invoices allow the investor to finance companies directly on attractive terms.
Experts will present the evolution of the legal framework, the current market conditions, the amounts involved as well as the functioning of the platforms and how to proceed, both for investors and borrowers.
The European Commission is due to allocate more than €3.3 billion to support investments in innovative start-ups through venture capital funds between 2014 and 2022, according to a new report by the European Court of Auditors (ECA). So far, however, the Commission has not yet carried out a comprehensive assessment of market needs or absorption capacity. Moreover, it has provided only limited evidence of the impact achieved, say the auditors.
The ongoing policy and regulatory debates related to the European financial system have been increasingly focused on beyond banking topics including insurance and pension sectors. Many questions which need to be addressed require both appropriate theoretical foundations as well as deep empirical analysis. In this respect, the European Insurance and Occupational Pensions Authority (EIOPA) is launching a call for research proposals aiming at addressing open questions related to Investment allocations of insurers and pension funds; Liquidity stress testing in the insurance sector; Early warning systems in insurance; Systemic relevance of insurance sector and its interlinkages with financial and real sectors; Economic valuation of insurers’ liabilities; best estimate and risk margin.
This seminar-workshop examines the mixing of grant and loan funding, with guarantees. In particular, we will describe how Structural Funds and the Cohesion Fund might be used alongside the EFSI instrument, the European Fund for Strategic Investment (part of the “Juncker Plan”). EFSI, working with regular EIB loans, exists to lever private funding into projects with a higher degree of risk. We also look at combining ESI Funds with the CONNECT Europe facility, and EFSI.
On Thursday 24 October 2019, the European Court of Auditors (ECA) will publish a special report on the EU’s centrally managed interventions for venture capital. The auditors examined six venture capital interventions the European Commission set up since 1998 in the area of enterprise, industry and research, including the EU guarantee for EFSI’s SME window. They assessed whether the Commission made good use of its instruments, whether the European Investment Fund (EIF) – which manages the EU-backed venture capital interventions on behalf of the Commission – implemented them properly and whether they mobilised funds from public and private investors.