Comment (3) Hits: 3868

The Alliance of Liberals & Democrats for Europe (ALDE) New Year Conference on "Relaunching the EU economy – how to overcome the investment gap?" and held on 6 January 2015 will be led by ALDE President, Mr Guy Verhofstadt, MEP, and follows the presentation of the ALDE contribution to revive growth in the EU, the "European Investment and Recovery Act". The Vice-President of the European Commission, Mr Jyrki Katainen, and Polish Minister of Finance, Mr Mateusz Szczurek will give keynote speeches. It will be followed by a discussion of the topic by an expert panel including the audience. The conference will discuss different policy options of how to revive growth in the EU. The overall aim of the conference is to assess whether the current policies address the issue or whether additional measures are needed to overcome the investment gap and to relaunch the EU economy.

OECD LTI Project

The OECD Project on Institutional Investors and Long-Term Investment brings together the world’s largest pension funds, insurance companies and sovereign wealth funds to promote long-term investment (LTI) such as infrastructure, addressing both potential regulatory obstacles and market failures. For more information on the project as well as upcoming research and events, please visit: www.oecd.org/finance/lti 

The increasingly short supply of long-term capital since the 2008 financial crisis has profound implications for growth and financial stability. Launched in 2012, this project aims to facilitate long-term investment by institutional investors such as pension funds, insurance companies, and sovereign wealth funds, addressing both potential regulatory obstacles and market failures.
 
Why is long-term investment important? 
 
Patient capital allows investors to access illiquidity premia, lowers turnover, encourages less pro-cyclical investment strategies and therefore higher net investment rate of returns and greater financial stability. Engaged capital encourages active voting policies, leading to better corporate governance. Productive capital supports infrastructure development, green growth initiatives, SME finance, etc., leadng to sustainable growth

OECD: Institutional investors and Long-Term Investment project meetings

OECD: Institutional Investors and LTI Future Research and Events (PDF) Paris 17 April 2014 

OECD: Project letter to LTI Club (PDF) Paris 18 April 2014

European Long term Investment Conference A new beginning

Programme   Presentations

Confrontations Europe held the European Long-Term Investment Conference: a new beginning for Investment in Brussels on 3-4 December 2014.

The European Commission will raise 300 billion€. Beyond that, an overall strategy for long term investment is needed. This means in-depth reforms of market structures and of public institutions governance. Confrontations Europe and its partners have been addressing this challenge for the past five years. Following on from the Green Paper on the financing of the European economy, we now demand a wider action plan for 2015–2020.

Debates were simultaneously translated into French and English.

Roundtable on Long Term Investment Global Policy

Agenda   Summary

Over 145 participants attended the recent Roundtable on Long-term Investment (LTI) Policy, representing pension funds, insurance companies, and sovereign wealth funds from around the world, including countries such as South Africa, China and Brazil. This outreach event targeting financial industry practitioners and co-hosted by the OECD and Euromoney, provided an opportunity for institutional investors to discuss recent OECD research and policy issues related to long-term investment, in particular in G20 and OECD context. Such forums are an important part of the OECD’s Project on Institutional Investors and Long-term Investment and its related Network of Institutional Investors which together work towards broadening policy makers’ knowledge and understanding of institutional investors’ needs and challenges. This most recent Roundtable is one in a series of events, including in 2014 the G20/OECD High Level Roundtable on Institutional Investors and LTI held in Singapore, and the APEC/OECD Seminar on Institutional Investors and Infrastructure Investment, held in Dalian, China, amongst others. Future events will be organized to advance the discussion on long-term investment by investors.

Standard & Poor's Annual Infrastructure Finance Seminars providing updates on credit ratings and trend factors affecting the infrastructure industry:

London 18th November 2014 Agenda and registration

Paris 19th November 2014 Agenda and registration

Frankfurt 20th November 2014 Agenda and registration

The above events are open to investors, bankers and other finance professionals, and are free to attend. However, places are limited and allocated on a first-come, first-serve basis.

 

SocDemo

Programme

Group of the Progressive Alliance of Socialists & Democrats in the European Parliament Internal Policy Seminar, 18 November 2014, 09:00-16:00 Room JAN4Q2 - Investing in the Future: Sustainable development, growth & jobs.

This internal policy seminar takes place in the framework of Horizontal Working Groups B, C and D, and is aimed at exploring Europe's future sustainable growth and jobs strategy within a sustainable development approach and, in particular, current investment needs including the proposed investment package of 300 billion euros of private and public investment, one of Commission President Juncker's main engagements. The seminar is structured in 3 thematic parts as detailed below. Panellists will be invited to make short introductory contributions in order to leave adequate time for an open exchange among Group members and panellists.

The second meeting of the ELTI Working Group on Accounting & Reporting standards took place on 6th November 2014 at the KfW premises in Frankfurt am Main. Starting with a presentation on IFRS 9 in the banking industry by Tom Millar, partner at Deloitte, a Global IFRS Banking Survey Leader: current status of IFRS 9, key findings of the 4th Global IFRS Banking Survey, a perception of IFRS 9’s evolution, followed by discussion in the form of a question-and-answer session. The afternoon session focused on ELTI viewpoints on IFRS 9 requirements and forthcoming implementation.

The ELTI WG on energy efficiency, held on 29 September 2014, was an opportunity to meet and to network that started with presentations on the European Commission EU energy efficiency policy and energy efficiency financial instruments made by  Mr. Paul Hodson (DG ENER) and Mr. Thomas de Bethune (DG REGIO) followed by a presentation of the work of The Energy Efficiency Financial Institutions Group (EEFIG) by Annie Degen (UNEP Finance Initiative).

Finally Mrs. Zarpana Signor (Deutsche Bank) made a presentation on the European Energy Efficiency Fund (EEEF) before leaving the floor to the ELTI Secretary-General Mr Dominique de Crayencour as moderator by raising topics for future meetings.

HotelYasmin2

Agenda  Minutes

The ELTI second General Assembly was hosted by the Czech-Moravian Guarantee and Development Bank (ČMZRB), at the Yasmin Hotel in Prague on 14 November 2014. It focused on elaborating the 2015 Action Plan of the Association with particular attention to the calls of the EU Council and Parliament for strengthening cooperation between the EIB Group and the National Promotional Banks to foster sustainable growth and employment.

EUROFI Financial Forum

Programme   Summary   Newsletter

The September 2014 Milan forum 'Relaunching growth in the current EU economic and regulatory environment' was organised by EUROFI in association with the Italian EU Presidency. Aiming to encourage open discussion between public decision-makers and leaders of the financial industry on the main ongoing finance sector reforms, this forum was open to a target audience from the latter groups.

Debates mostly centred on the priorities of the new European Commission and European Parliament in the different sectors of financial regulation and the role the finance sector may play in fostering growth in Europe. The G20's implementation progress made in keeping their commitments and ensuring consistent regulation at the global level was key to the programme.

Contact

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