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fi-compass
scope & work programme 2015Pieter CoppensAdvisory Services, EIB
How do financial instruments work? Possible role of EIB?
Finance
structured programme lending
«blending» at the level of the financial instrument
(FoF)
«blending» at the level of the financial instrument
individual projects / framework loans
Advisory
EU-28 (fi-compass)
tailored - ex ante assessment for MAs
Fund of Fund management
individual projects
Fund of Funds
Managing Authority
Financial Intermediaries
FinancialIntermediary
Final recipientsFinal recipients
Financial products
Final recipientsFinal recipients
Financial products
OR
ESIF financial instruments – the role of EIB
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 Group experiences to date
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.
EIB and fi-compass delivery in 2014-2020
• 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.
In a nutshell
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
Continuation of JASMINE microfinance support 2007-13
ESI Fund-specific advice, taking into account past FI experiences
(if any), Fund-specific rules, sector needs and final recipients
profiles
What will it offer in 2015?
Thank you
www.fi-compass.eu