How to Use Financial Instruments Effectively - Key Features and Practical Advice

Advanced Summer Course

25-27 June 2018 | Rome

Fully booked! If you would like to receive more information about it please contact Hella Baumeister.


Programme

Day 1: Monday, 25 June 2018   

09:00    
Welcome Note by Lexxion and Chair; Introduction of Participants; Tour de Table

09:30

Introduction to the Topic and State of Play in the Current Programming Period

  • Types of financial instruments
  • The special features of financial instruments
  • Lessons from past experience

Phedon Nicolaides, Professor at the College of Europe, Bruges, Professor at the University of Maastricht; Academic Director of Lexxion Training

10:15

Coffee Break

10:45

Financial Instruments and their Regulation in the 2014-2020 Programming Period:  Objectives and Regulatory References

  • The legislative framework for decentralised financial instruments
  • Models for financial instruments under Article 38(4) CPR
  • The Omnibus Regulation and its impact on the running FIs
  • Requirements on Funds of Funds/ financial intermediaries and liability
  • Requirements for the Managing Authorities, Intermediaries and Beneficiaries during the implementation of an FI
  • Prospective of future FI development
  • Costs/Fees for managers and their calculation: Practical example


Ruth Niland, Legal Directorate, Head of Division Mandates and Financial Instruments, European Investment Bank, Luxemburg

11:30

How to Combine the European Fund for Strategic Investments (EFSI) with your Financial Instruments?

  • Framework
  • Key features and benefits
  • Possibilities in use at project level or Financial Instruments
  • Risk analysis and management

Workshop

  • How to use the combination at project level?
  • How to set up an investment platform for best synergies?

Csaba Harsányi, Director, Hungarian Development Bank, Brussels

13:00

Lunch Break

14:00

Selection of Financial Intermediaries

  • Main legislation and guidance
  • Types of potential financial intermediaries / financial institutions
  • Selection financial intermediaries
Marek Szczepański, Expert in EU funds in Poland, specialising in Financial Instruments, Former Deputy Minister of Economy and Labour, Warsaw

15:00 Coffee Break

15:30

Monitoring  Requirements for a Managing Authority

  • Monitoring and evaluation system
  • Result orientation
  • Indicators and Milestones for FIs
  • Monitoring Requirements
Lars Wirbatz, Deputy Head of the Managing Authority and Team Leader (Financial Instruments, Financial Control), Senate of Berlin - ERDF Managing Authority, Berlin

16:00

Financial Control and Verifications of FI

  • Internal Control System
  • The regulatory requirements for the management and control of FIs (Art. 40, 41 CPR, Article 9 / Reg. 480/2014)
  • Verification of the Investment Strategy
  • Management Costs and Fees
  • Cooperation with an Audit Authority
  • Audit Requirements for Verifications

Lars Wirbatz, Deputy Head of the Managing Authority and Team Leader (Financial Instruments, Financial Control), Senate of Berlin - ERDF Managing Authority, Berlin

16:45

Practical Exercise on the Verification of FI

Lars Wirbatz, Deputy Head of the Managing Authority and Team Leader (Financial Instruments, Financial Control), Senate of Berlin - ERDF Managing Authority, Berlin

17:30 End of Workshop Programme Day 1
   
18:30
Evening get together with Speakers and Participants
   

Day 2: Tuesday, 26 June 2018

09:00

Public Procurement Compliance

  • Public procurement and the design of competitive calls:
    Selection using a public procurement process to set up a financial Instrument (or not!)

Case Study:
How to write Terms of Reference and what to be aware of during a procurement process?


10:00 Coffee Break

10:30

Ensuring Compliance with State Aid Rules I

  • The concept of State aid and its application to ESI Funds and financial instruments
  • State aid regulations applicable for financial instruments
  • General Block Exemption Regulation (GBER) 2014-2020
    • What are the conditions for an exemption?
    • Specific requirements applying to FIs
  • Rules on Risk Finance

Phedon Nicolaides, Professor at the College of Europe, Bruges, Professor at the University of Maastricht; Academic Director of Lexxion Training

12:00 Lunch Break

13:00

Ensuring Compliance with State Aid Rules II: Case Studies

  • How to use de minimis aid and off the shelf financial instruments
  • How to ensure that all aid is passed on to final beneficiaries

Case Studies: British Business Bank - Notification in practice and other cases

Phedon Nicolaides, Professor at the College of Europe, Bruges, Professor at the University of Maastricht; Academic Director of Lexxion Training

14:30 Coffee Break

15:00

Risk Finance Guidelines

  • Challenges resulting from State aid to promote risk finance investments
  • Rules for using FIs and fiscal measures in compliance with State aid
  • The specific provisions of article 21 GBER
  • Tax incentives for private investors
  • The notification procedure

Dénes Czúcz, Case handler, European Commission - DG Competition, Brussels

16:00

Problem Solving Session   

Send us your questions and cases in advance and discuss them in the group or privately with our experts.

17:00

End of Day 2

 

 

Day 3: Wednesday, 27 June 2018

09:00

Combination of Grants with FIs

  • Set-up of the combined support scheme - loan and grant (basic rules defined on EU and national level),
  • Embedment in the national support system (co-existence with grants and independent financial instruments),
  • Application under different thematic objectives, experiences,
  • 2007-13 model versus 2014-20 model, lessons from the comparison

Márk Bató, Senior Advisor of the ESI Funds Regulatory Department in the Prime Minister’s Office (coordinating body), Hungary

10:00 Coffee Break

10:30

Best Practices on Project Level – Using Loans

  • Structuring a loan financial instrument in practice
  • Case studies of successful instruments in Poland
  • Implemented Projects
Marek Szczepański, Expert in EU funds in Poland, specialising in Financial Instruments, Former Deputy Minister of Economy and Labour, Warsaw

11:30

Lunch Break

12:30

Guarantees: Theory and Practical Examples

  • Guarantee Instruments
  • Key Features in current operational programme
  • Lessons learned from last period: Key findings & Changes
Peter James Sant, Technical Attaché on Industry with the Permanent Representation of Malta to the EU (invited)

13:30

How Does an Equity Fund Works in Terms of Rules? - Equity Fund Practice

  • Terms of rules: management fee, hurdle rate, carried
  • The economics of a fund including costs related to compliance
  • How would a team work correct?

Luigi Amati, CEO of META Group, Italy, Member of the European Commission Advisory Group on “Access to Risk Finance”

14:30

Summary of Main Points, Lessons to be Drawn and Advice, and Final Comments by Participants

Chair:
Phedon Nicolaides,
Professor at the College of Europe, Bruges, Professor at the University of Maastricht; Academic Director of Lexxion Training

15:00 End of Summer Course & Distribution of Certificates

 
*Programme may be subject to change.

 Confirmation of Participation

You will receive a confirmation letter at the end of the conference. If you prefer to have it as pdf/by e-mail just let us know!


 
 

EStIF
European Structural and Investment Funds Journal
Publication frequency: quarterly
approx. 80 pages
ISSN 21 96-82 68

Further information

Banner SA Summer Course 3 Kopie

Banner Assurance Package

EStAL
Journal
Publication frequency: quarterly
Subscription: € 442,-
ISSN 16 19-52 72

Further information
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