European Structural and Investment Funds
Workshop |
03.12.2019 - 04.12.2019 |
Prague |
Language: English

Fundamentals of Financial Instruments

Two-day training covering all the topics you need for starting your work in the field of Financial Instruments, giving you a comprehensive overview of the legal basics and best practices of implementing and managing Financial Instruments.

Share

Overview

The policy framework for European Structural and Investment Funds emphasises the need for a more significant use of Financial Instruments (FIs) in the programming period 2014-2020. FIs are not limited to specific objectives anymore, but can be implemented within all funds and priorities. The overall goal is to improve the quality of projects supported with FIs, as the financial support must be repaid. The Commission supports the use of FIs by providing off-the-shelf FIs with standard terms and conditions, which are compatible with the ESI Funds regulation and State Aid rules and seek to combine public and private resources (Commission Implementing Regulation 964/2014). The Managing Authorities can also get involved in the centrally-managed FIs such as Horizon 2020, COSME and the SME Initiative.

With the growing importance of FIs, it is of major relevance that all officials involved in their set-up and implementation – both the managing bodies and the beneficiaries – are aware of the applicable regulation and procedures applying to credits, guarantees and equity.

Methodology

The participants will be actively involved in the workshop. The sessions will combine presentations, case studies and discussion on practical problems. You will have ample opportunities to present your own problematic issues and discuss them with the speakers and participants from other Member States.

Day 1: Tuesday, 3 December | 08:30 - 17:30

08:30

Registration & Welcome Coffee

09:00

Welcome and Introduction Round

09:30

Legislative Framework of FIs

  • What are Financial Instruments?
  • Legislative framework
    • Common Provision Regulation
    • Delegated and implementing regulations
    • European Commission Guidelines for the Member States
    • Omnibus Regulation
  • Rules for 2021-2027 programming period proposed by the EC
Csaba Harsányi
Hungarian Development Bank, Brussels

10:30

Coffee Break & Networking Opportunity

11:00

Types and Structure of FIs

  • Centralised and decentralised FIs
  • Tailor-made and off-the-shelf FIs
  • Fund of funds
  • Structure and basic conditions of: loans, guarantees, equity and quasi-equity
Csaba Harsányi
Hungarian Development Bank, Brussels

12:00

Lunch Break

13:00

Set-Up, Implementation and Management of FIs – Practical Aspects

  • Ex-ante assessment and investment strategy: role, structure, update
  • Funding agreement: role and structure
  • Main types of Financial Instruments and adequate implementation structures
  • Selection of bodies implementing FIs
Marek Szczepański
Former Managing Director in BGK (National Development Bank), responsible for Financial Instruments; Owner of MWS Consulting, Warsaw

14:30

Coffee Break & Networking Opportunity

15:00

Monitoring, Audit and Control in Financial Instruments

  • The regulatory requirements for the management and control of FIs
  • Internal control system
  • Cooperation with an Audit Authority
  • Audit requirements for verifications
  • Monitoring and evaluation system; monitoring requirements
  • Result orientation
  • Indicators and milestones for FIs
  • Management costs and fees
Mechthild von Maydell Director Audit Authority, State Chancellery and Ministry of Culture, Magdeburg
16:30

Irregularities in the Implementation of Financial Instruments

  • Definition and concept of irregularities and the risk of irregularities under Financial Instruments
  • Main areas and levels of irregularities in the programming and implementation of Financial Instruments
  • Proceeding in case of irregularities
  • Rules for determining the amount of financial corrections in case of irregularities
Mechthild von Maydell Director Audit Authority, State Chancellery and Ministry of Culture, Magdeburg
17:30

End of Workshop Day 1

Day 2: Wednesday, 4 December | 09:00 - 15:00

09:00

Structuring and Implementation of Loan Instruments

  • General rules
  • Key parameters of loans to be decided
  • Polish examples, including loans for: SMEs, social economy enterprises, energy modernisation in housing and in urban revitalisation
  • Hungarian examples including loans
Marek Szczepański
Former Managing Director in BGK (National Development Bank), responsible for Financial Instruments; Owner of MWS Consulting, Warsaw

Csaba Harsányi
Hungarian Development Bank, Brussels

10:30

Coffee Break & Networking Opportunity

11:00

Structuring and Implementation of Guarantee Instruments

  • General rules
  • Key parameters of guarantee to be decided
  • Polish example – loan portfolio guarantee for innovative SMEs (guarantee supported by interest rate subsidy)
Marek Szczepański
Former Managing Director in BGK (National Development Bank), responsible for Financial Instruments; Owner of MWS Consulting, Warsaw

12:30

Lunch Break

13:30

Equity and Quasi Equity Instruments: Theory and Practical Examples

  • General rules
  • Terms of rules: management fee, hurdle rate, carried
  • The economics of a fund including costs related to compliance
  • How would a team work correct?
  • Rationale for equity Financial Instruments
  • Knowledge intensive companies for knowledge intensive regions
  • Characteristics of a successful equity Financial Instruments
  • Case studies: regional equity funds and portfolio companies
Luigi Amati CEO of META, Italy, Member of the European Commission Horizon 2020 Advisory Group on “Access to Risk Finance”, Rome
Csaba Harsányi
Hungarian Development Bank, Brussels

Marek Szczepański
Former Managing Director in BGK (National Development Bank), responsible for Financial Instruments; Owner of MWS Consulting, Warsaw

15:00

End of Workshop and Distribution of Certificates


*Programme may be subject of change.

Speakers

Csaba Harsányi
Hungarian Development Bank, Brussels

More info
Marek Szczepański
Former Managing Director in BGK (National Development Bank), responsible for Financial Instruments; Owner of MWS Consulting, Warsaw

More info
Mechthild von Maydell
Director Audit Authority, State Chancellery and Ministry of Culture, Magdeburg

More info
Luigi Amati
CEO of META, Italy, Member of the European Commission Horizon 2020 Advisory Group on “Access to Risk Finance”, Rome

More info

Venue

Strahovska 128
Prague , Czech Republic
Loading Map....

Online-Registration

Workshop | 03.12.2019 - 04.12.2019 | Prague | Language: English

Participation Fees
Reduced fee for public authorities: € 1.240,- (excl. VAT)
Regular fee: € 1.640,- (excl. VAT)

Seating limit
The number of seats is limited. Registrations will be accepted first come, first served.

Are you a public authority?
Ticket Type Price Spaces
Fundamentals of Financial Instruments
Regular fee / Reguläre Teilnahmegebühr
€1.640,00
Fundamentals of Financial Instruments
Reduced fee for public authorities / Reduzierte Teilnahmegebühr für Angehörige einer Hochschule/Behörde
€1.240,00

Group invoice
Single invoices










(Data Privacy Policy)


If you are interested, please use our Newletter to stay informed about our upcoming conferences, workshops, trainings and current published journals in our core areas of EU competition, data protection, substances and environmental law, as well as exciting new projects in emerging technologies and digitalisation.

Don’t miss any news and sign up for our free news alert.  Sign up now