European Structural and Investment Funds
Master Class | 19.09.2019 - 20.09.2019 | Rome | Language: English

Master Class: Financial Instruments

A high-level event for officials and professionals with good knowledge of Financial Instruments working in Managing Authorities, Intermediate Bodies or Fund of Fund Managers.

The purpose of the Master Class is to review important developments in applying Financial Instruments, assess their implications for Member States and Public Authorities, provide solutions to problems and identify best practices.

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Overview

A high-level event for officials and professionals with good knowledge of Financial Instruments working in Managing Authorities, Intermediate Bodies or Fund of Fund Managers. The purpose of the Master Class is to review important developments in applying Financial Instruments, assess their implications for Member States and public authorities, provide solutions to problems and identify best practices.

Small scale group
The number of seats is limited to 15 participants to enable direct, confidential communication and good interaction within the group.

Participants will be asked to keep the proceedings of the second day confidential.


  1. Review and Assessment

On the first day, you receive an expert review of the set-up and implementation of Financial Instruments (FIs) in 2014-2020 programming period as well as beyond (objectives, main rules and regulatory framework). Applying Financial Instruments is analysed in depth.

  1. Problem Solving

The second day is devoted to cases and questions submitted by participants. Problems in programming and implementation of Financial Instruments and other issues from the daily practice of participants are discussed and difficulties resolved. Participants receive advice on how to improve and solve their problems. The speakers also present and discuss problems which have so far occurred in their countries and other potential problem cases.

  1. Best Practices

On both days, the innovative format of this advanced small-scale master class enables you to consider wider issues of relevance to officials and practitioners involved in Financial Instruments. You can exchange information and experience with professionals from other Member States and discuss the problems and cases.


Cases and Confidentiality

Participants will be required to submit in advance a brief summary of the problem or case they want to present for discussion and advice. For this reason, all information concerning such problems and cases shall be treated confidentially.

Day 1: Thursday, 19 September | 09:00 - 17:00

08:30

Registration & Welcome Coffee

09:00

Welcome by Lexxion & Introduction Round

09:30

Introduction: Set-Up and Implementation of Financial Instruments (FIs) in 2014-2020 Programming Period and Beyond

  • The legislative framework for decentralised financial instruments (Common Provision Regulation – CPR; Delegated and Implementing Regulations; European Commission Guidelines for the Member States; Omnibus Regulation)
  • Models for financial instruments under Article 38(4) CPR
  • Requirements on Funds of Funds/ financial intermediaries (from Delegated Act and CPR) and their liability
  • Ex-ante assessment and Investment strategy: role, structure, update
  • Selection of bodies implementing FIs
  • Funding agreement: role and structure
  • Main types of FIs and adequate implementation structures: loans, guarantees, equity and quasi-equity
  • Financial Instruments beyond 2020
Csaba Harsányi
Hungarian Development Bank, Brussels

11:00

Coffee Break & Networking

11:30

Set-Up and Implementation of Financial Instruments in Practice

 

Here participants learn how to set-up and implement FIs with hands-on practical examples and cases. The cases will cover – among others – selection of bodies implementing FIs, update of ex-ante assessment and investment strategy, set-up of loan and guarantee instruments (identification of target group, optimal implementation structure, main parameters of the financial products and results indicators) and re-use of resources allocated to FIs.

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

13:00

Lunch Break

14:00

Examples of Applying Financial Instruments

Loans

  • General rules
  • Key parameters of loans to be decided
  • Hungarian and Polish examples
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

Guarantees

  • General rules
  • Key parameters of guarantee to be decided
  • Polish examples
Marek Szczepański
Former Managing Director in BGK (National Development Bank), responsible for Financial Instruments; Owner of MWS Consulting, Warsaw

Equity

  • General rules
  • Case studies: regional equity funds and portfolio companies
Csaba Harsányi
Hungarian Development Bank, Brussels

Lorenzo De Fabio Head of Operation, Lazio Innova Venture Capital, Rome
Luigi Amati CEO of META Group, Italy, Member of the European Commission Advisory Group on “Access to Risk Finance”, Rome
17:30

End of Day 1

Day 2: Friday, 20 September | 09:00 - 15:00

09:00

Case analysis & advice on possible solutions for the problems raised by participants

This day is devoted to cases and questions submitted by participants. Problems in programming and implementation of Financial Instruments and other issues from the daily practice of participants are discussed and difficulties resolved. Participants receive advice on how to improve and solve their problems. The speakers also present and discuss problems which have so far occurred in their countries and other potential problem cases.

In addition the speakers cover the following cases:

1. In the open procedure to select financial intermediaries no offers were submitted. What may be the reasons? What are potential remedy actions?

2. Financial intermediary delays in building portfolio of loans. What may be the reasons? What remedy actions might/ should be taken by Managing Authority/ Fund of Fund Manager?

3. Managing Authority/ Fund of Fund Manager has to cancel the operational agreement with financial intermediary. What steps should be taken?

4. How to reach synergy between FIs financed by the EU funds and instruments financed from ‘legacy funds’ (re-use of resources from 2007-2013 perspective)?

This session includes a coffee break.

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

12:30

Lunch Break

13:30

Case analysis & advice on possible solutions for the problems raised by participants (cont.)

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

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
Lorenzo De Fabio
Head of Operation, Lazio Innova Venture Capital, Rome

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

More info

Venue

Via Campania, 41
Rome, Italy
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Hotel near the venue

Hotel Eliseo ****
Via di Porta Pinciana, 30
00187 Rome
mail@leonardihotels.com
tel:+39 06 4870456 / +39 06 4815474

Online-Registration

Master Class | 19.09.2019 - 20.09.2019 | Rome | Language English

Participation Fees
Reduced fee for public authorities: € 1.810,- (excl. VAT)
Regular fee: € 2.010,- (excl. VAT)

The Italian VAT of 22% will be added.

Seating limit
The number of seats is limited.

Are you a public authority?
Ticket Type Price Spaces
Master Class: Financial Instruments
Regular fee / Reguläre Teilnahmegebühr
€2.010,00
Master Class: Financial Instruments
Reduced fee for public authorities / Reduzierte Teilnahmegebühr für Angehörige einer Hochschule/Behörde
€1.810,00

Group invoice
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