Transcript fi-compass - COTER slides FINAL (EIB 2)

fi-compass
scope & work programme 2015
Pieter Coppens
Advisory Services, EIB
How do financial instruments work?
Possible role of EIB?
Finance
Managing Authority
EU-28 (fi-compass)
structured programme
lending
OR
«blending» at the level of
the financial instrument
(FoF)
Fund of Funds
Financial
Intermediaries
Financial
Intermediary
Financial
products
Financial
products
Final recipients
Final recipients
Advisory
tailored - ex ante
assessment for MAs
Fund of Fund
management
«blending» at the level of
the financial instrument
individual projects /
framework loans
individual projects
ESIF financial instruments – the role of EIB
EIB Group experiences to date
 Joint EC/EIB Group initiatives (JEREMIE, JESSICA, JASMINE) were instrumental
in boosting SF programme implementation through FIs from around EUR 1,2 bn in
2000-2006 to approx. EUR 14,2 bn in 2007-2013
 EIB Group has 33 Holding Fund mandates in 13 Member States managing a total of
EUR 3.9 billion of programme contributions on the ground; bilateral advisory
services to MS/MAs for specific FIs under their ESIF programmes
 Extensive institutional knowledge and capacity built as a result, both upstream
(policies and regulatory environment) and downstream (detailed market knowledge)
EIB and fi-compass delivery in 2014-2020
 The EC and the EIB agreed to jointly extend their support initiatives of 2007-13, and
to develop fi-compass as a single advisory framework, with EIB delivering its
horizontal advisory activities to the benefit of all Member States.
In a nutshell
• fi-compass is a unique platform for advisory services on
financial instruments under the European Structural and
Investment Funds (ESIF) and microfinance under the
Programme for Employment and Social Innovation (EaSI),
provided by the European Commission in partnership with the
European Investment Bank.
• fi-compass is designed to meet the needs of ESIF managing
authorities that want to make better use of financial instruments,
EaSI microfinance providers and other interested parties, by
providing practical know-how and learning tools on financial
instruments.
Objectives and corresponding advisory products
Dedicated workstreams to address Fund-specific needs
Awareness raising on ESIF FI
General advice regarding ESIF
common framework & FI lifecycle
ESI Fund-specific advice, taking
into account past FI experiences
(if any), Fund-specific rules,
sector needs and final recipients
profiles
Continuation of JASMINE
microfinance support 2007-13
What will it offer in 2015?
Thank you
www.fi-compass.eu