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 JZP7141

Agenda

The 4th annual ELTI General Assembly took place on 28 October 2016 in Madrid, Spain, courtesy of the Instituto de Crédito Oficial (ICO)

TAFTIEAnnualConference

TAFTIE Annual Conference Programme

TAFTIE annual conference taking place in Paris on 25 May 2016 from 1:30 to 4 pm whithin the Bpifrance "Inno Generation" event.

This year dedicated to “Supporting all forms of innovation: towards sustainable innovation", which means funding solutions and support services to new forms of innovation such as process, organizational, marketing innovation related to the sustainable economy.

TAFTIE is the European Association of leading national innovation agencies gathering 28 members from the EU and beyond (Israel, Switzerland, Turkey, Norway, etc.) that make a major contribution to strengthening Europe’s competitiveness by supporting product, process and service innovation, implementing their countries’ national and international RDI Programs.

The annual conference will gather about 200 participants coming from various horizons: innovation agencies; policymakers, entrepreneurs, national promotional banks etc. It will take place within 'Bpifrance Inno Generation', a unique 24-hour event (25-26 May) in Paris dedicated to Innovation gathering + 15,000 companies that will take part in plenary lectures, thematic seminars, entrepreneurs pitching sessions and innovation showrooms.

Registration:https://docs.google.com/forms/d/1guziwY1anMqIXz3wggTg-zZnPSgCOqRuxUnog-fLcSI/viewform  

Opportunity to participate in :

-TAFTIE annual conference - 25 May pm (included the travel sheet and recommended hotels)

-The international Networking cocktail dinner that will bring together TAFTIE members but also the network of European Financial Institutions for SMEs (NEFI) as well as EU officials -  25 May evening

-Bpifrance 'Inno Generation thematic workshops - 25 and 26 May'

SingaporeG20InvestmentInfrastructure

L20 Submission Paper

1. L20 welcomes the opportunity to share views with the G20 Investment and Infrastructure Working Group on 4 June 2014 in Singapore. With over USD80tr in assets under management, institutional investors – including pension funds, insurance companies, endowments and sovereign wealth funds – have a key role to play in meeting future infrastructure challenges within the G20 economies and beyond. Currently, only around 1% of their portfolio is invested in infrastructurerelated assets and of this, most is equity investment in advanced economies by a few leading institutions in a few countries (notably Australia and Canada). Relatively little of this is in ‘greenfield’ investments. At the same time, much of the banking sector has reduced lending capacity and public finances managed by governments are under strain.

2. Given the importance of infrastructure in providing for a modern, efficient and productive economy that can deliver an adequate and sustainable standard of living for all citizens, built around good jobs, decent wages and social protection, it is imperative that governments continue to explore ways to facilitate institutional investor long term investment strategies, including infrastructure.

3. The G20 has a leadership role in mobilising investors for infrastructure. At the St Petersburg Summit in November 2013, the G20 endorsed High Level Principles on Long-term Investment by Institutional Investors. It is time for these G20 Principles to be effectively implemented. The G20 should help institutional investors deliver patient, productive and engaged capital in a responsible way, while at the same time shifting away from short-termist and speculative trading behaviour.

There are a number of pre-conditions for this to happen:

  • Making infrastructure financing work for job creation and decent work;
  • Ensuring rule of law for all, not just for foreign investors;
  • Ensuring proper government planning and infrastructure markets;
  • Addressing regulatory and market barriers to infrastructure finance;
  • Ensuring fair and transparent risk sharing arrangement between public and private parties;
  • Promoting leadership by collectively organised retirement plans;
  • Mainstreaming responsible business conduct; and
  • Ensuring accountability and transparency of asset managers and bankers.

InvestingGreen

Green Week Programme

The 2016 edition of Green Week, the biggest annual occasion to debate and discuss European environment policy, will take place from 30 May to 3 June. The theme of this year is "Investing for a greener future".

On Monday we look at how investing for greener cities can improve the quality of urban life. On Tuesday we explore ways of securing our future through investments in the countryside, which provides so many of the resources that our society needs. Wednesday focuses on finding the financing for our needs, and Thursday then looks at investing in our oceans. Friday widens the scope to a more global outlook, namely investing in sustainable development for future generations. Partner Events take place throughout May and June (see Partners Section for more details).

The call for proposals for Partner Events will be launched soon. Here are the background details about what they should focus on and the guidelines, in order that if you intend to organise an event and submit an application for a Partner Event, you can already see what needs to be considered.

The ELTI Deputy Secretary-General, Mr. Helmut von Glasenapp will make a presentation in Brussels during Green Week 2016 on Wednesday 1 June to present the common characteristics of the relevant ELTI activities. 

WorldBankSingaporeInfrastructureFinanceSummit2

Long-Term Solutions to Finance the Infrastructure Gap

3 June 2014

InterContinental, Singapore

Programme

The financing and implementation of major infrastructure projects in emerging markets is a crucial driver for sustainable economic growth. Yet many key initiatives remain stalled due to a lack of funds, with the availability of credit constrained by tough regulatory reforms, interest rate uncertainty, and persistent concerns over risk and viability. Much more work needs to be done to create a long-term investment environment robust enough to attract the global capital required. 

The fifth annual World Bank-Singapore Infrastructure Finance Summit will focus on the latest policies and innovative solutions being envisaged to boost long-term infrastructure financing and development.

The Summit – organised by the World Bank, the Singapore Ministry of Finance, the Monetary Authority of Singapore and the Financial Times, in association with the World Bank-ASEAN Infrastructure Finance Network, and with support from the Australian Government – has become the leading forum for policy-makers, investors, contractors and strategists to share best practice and new ideas on plugging the infrastructure gap.

CDP Washington Workshop

The Investment Plan for Europe and How to Decline It Outside Europe: The perspective from National Promotional Institutions (NPIs)

Europe is now facing one of the most important challenges of its recent history with ongoing great demographic, political, financial and economic changes regarding mainly its internal equilibrium, the relationships within the Mediterranean region, and worldwide balances.

The European Central Bank intervention alone is not sufficient anymore to restore economic activity and support the business cycle in Europe. There is a broad consensus about the need to stimulate the aggregate demand by re-launching investments in order to achieve sustainable and inclusive growth, improving the levels of stability of economic system.

In last years, NPIs have been playing a significant role in sustaining both national and European economies. Their role has become more and more important and the range of available financial tools has widened in response to the evolution of the global scenario. In a period with an abundant liquidity supply, these institutions have been asked to support economic activity by playing a promotional role in the Investment Plan for Europe (also known as Juncker Plan).

Nowadays, the European Union is working to implement an External Investment Plan aiming to support investments in regions outside the EU as a vehicle to tackle the root causes of migration, while contributing to the achievement of Sustainable Development Goals. This Plan could be crucial to help facing the long-lasting refugee crisis and to re-affirm Europe’s role at global level.

PensionFundRegulation LTInvestment2

Agenda   Presentations

The OECD-Risklab-APG Workshop on pension fund regulation and long-term investment was held on 7 April 2014 at the Symphony Building, Gustav Mahlerplein 3 in Amsterdam. Discussions focused on:

- Long-term pension investment strategies under risk-based regulation

- Does regulation matter? Riskiness and procyclicality in pension asset allocation

- Regulatory challenges for long-term illiquid assets

Participants included representatives from pension funds, insurance companies, sovereign wealth funds and asset managers as well as officials and experts from ministries of finance, central banks and international organisations.

This Amsterdam OECD/APG workshop fell under the scope of the OECD Project on Institutional Investors and Long-Term Investment and G20-OECD work on long-term financing. ELTI was represented by the Secretary-General Mr. Dominique de Crayencour and other participants included representatives from pension funds, insurance companies, sovereign wealth funds and asset managers as well as officials and experts from ministries of finance, central banks and international organisations.

Discussions focused on long-term pension investment strategies under risk-based regulation, also exploring the question of whether regulation matters. The issues of riskiness and procyclicality in pension asset allocation and the regulatory challenges facing long-term illiquid assets were also discussed at length.

The OECD-led Task Force on Institutional Investors and Long-Term Financing, is open to G20, FSB, APEC members and relevant international organisations, and works on developing high-level principles intended to help governments facilitate and promote long-term investment by institutional investors, particularly among institutions such as pension funds, insurers and sovereign wealth funds, that typically have long duration liabilities and consequently can consider investments over a long period.

In June 2014 the Singapore G20/OECD Task Force members met to endorse these principles and further develop High-level principles principles on Long-Term Investment Financing by Institutional Investors for consideration at the previous G20 Summits. 

European Parliament Committee on Budgets Public Hearing: "New financial instruments and the role of national promotional banks for the benefit of European SMEs"

 

With an intervention by the ELTI Secretary-General Mr. Dominique de Crayencour

 

26 April 2016, 15.00 - 17.30 in the EP Brussels Room JAN 4Q1

 

Download draft programme (update 30/03)

 

 

 

04 June 2014 Singapore G20 Australian Presidency/OECD High-Level Roundtable on institutional Investors and Long-Term Investment

Meeting agenda (PDF)

Contact

European Long-Term Investors a.i.s.b.l.
Rue Montoyer 51
B - 1000 Brussels
Belgium
secretariat@eltia.eu