European Conference on State Aid for Financial Instruments

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23 October - 24 October 2017 | Vienna

If you have any questions in regards to the programme of the upcoming conference or would like to get any additional information, please contact Hella Baumeister.
Programme

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Day 1: Monday, 23 October 2017

08:30 Registration

09:00 Welcome Note by Lexxion

09:15

Opening Panel
The Interplay of EU Funding, Financial Instruments
and State Aid - the Challenge of Compliance


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

Barbara Cattrysse, Legal Counsel, Legal Directorate, European Investment Bank, Luxembourg

Alexander Rose, Lawyer, Department for Communities and Local Government, United Kingdom

  Concept of State Aid and its Application to Financial Instruments

09:40

Concept of State Aid

  • The system of State aid control in the EU
  • Concept of State aid
  • Requirements and Criteria based on Art. 107 (1) TFEU
  • Application of State aid rules to ESI Funds
  • Presence of State aid in the area of Financial Instruments
  • Off-the-shelf financial instruments

“State Resources” – When Does the Financial Contribution to FIs Qualify as State Aid

  • ESI Funds contribution to the FIs
  • Centrally-managed Financial Instruments
  • ESI Funds contribution to centrally managed FIs
  • Resources covered by EFSI guarantee (European Fund for Strategic Investments)

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

11:15 Coffee Break 

11:45

State Aid at Different Levels of FIs

  • Types of FIs and undertakings involved at various management levels
  • Incentive for fund of funds, financial intermediaries, holding funds and other  economic operators/investors
  • State aid for FIs beneficiaries

Barbara Cattrysse, Legal Counsel, Legal Directorate, European Investment Bank, Luxembourg

12:30 Lunch Break

13:30 Case Study: British Business Bank
  • State-owned promotional banks and the management of FIs
  • Common State aid assessment principles
  • Existence of State aid for mandated, service and commercial activities
  • How the mandated arm avoids undue distortion of competition?

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

Alexander Rose, Lawyer, Department for Communities and Local Government, United Kingdom

  Designing an FI not Containing State Aid

14:15

Application of Market Economy Investor Principle (MEIP) for FIs   

  • How to exclude the criterion of “Advantage” while designing FIs
  • How to apply MEIP
  • JEREMIE Holding Fund – National experiences in designing FI not containing State aid
  • Considerations of SMEs when aid is excluded at investors level

Mikołaj Stasiak, Partner, Easy State Aid, Warsaw

15:00

Coffee Break

15:30 How to use de minimis aid to support Financial Instruments?   
  • De minimis amount and single undertakings
  • Communication on reference and discount rates of interest
  • Compliance with Implementing Regulation 964/2014
  • Limits to application of Commission communication
  • De minimis aid and guarantees

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

16:15

Implementation of an FI not Conatining State Aid - The Wales Business Fund

  • Entrusted entity at the level of fund
  • Open procurement of financial intermediary
  • MEOP/parri passu at the level of final recipient
Mike Wallwork, Project and Development Mananger, Finance and Business Branch, Welsh Government, United Kingdom
17:00

End of Day 1

Day 2: Tuesday, 24 October 2017

  Investments under EFSI – When Do You Need to Be Aware of State Aid

09:00 Case Study on Project guaranteed through the European Fund for Strategic Investments (EFSI)

Barbara Cattrysse,
Legal Counsel, Legal Directorate, European Investment Bank, Luxembourg

  General Block Exemption Regulation

09:45 How to Ensure that an FI is Exempted under the GBER?
  • The new rules for exemption of State aid
  • General Provisions: What are the conditions for an exemption
  • Specific requirements applying to FIs
Alexander Rose, Lawyer, Government Legal Service, Department for Communities and Local Government, United Kingdom

11:00 Coffee Break

  Risk Finance Guidelines and the Notification of FIs

11:30

Risk Finance Guidelines

  • Challenges resulting from State aid to promote risk finance investments
  • Rules for using financial instruments and fiscal measures in compliance with State Aid
  • Tax incentives for private investors
  • The notification procedure

Vanessa Bruynooghe, Policy Officer, Unit H2 - Access to finance, R&D&I and Environment, DG Competition, European Commission, Brussels

12:30 Lunch Break

 

Best Practices of the Member States – Practical Examples

13:30

Case Study on Supporting Innovative Growth: Financial Instruments and Entrepreneurship in the area of R&D&I

Gerald Dlesk, Project Manager for Finance, R&D&I-Projects at FFG, Austria

14:15

Coffee Break

14:45

Case Study on Risk Finance Investments for SMEs

Anita Gyürkés, Acting Head of Department, State Aid Monitoring Office, Budapest

15:30

Case Study on Financial Instruments for Urban Development

Filippo Granara, Advisory Manager, Equiter, Intesa Sanpaolo Group, Italy

16:15 End of the Conference


Barbara Cattrysse, EIB (invited)
 
 

EStAL
Journal
Publication frequency: quarterly
ISSN 16 19-52 72

Further information

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

Further information

Banner Financial Instruments Equity 2017

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

Further information

Banner-Web-EStALI-Conference neu Kopie

Verlagsbroschuere 2017 Lexxion brochure 2017

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