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