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LTIC Steering Committee (SC) meeting over lunch in the context of the 7th International Annual Conference of the Long-Term Investors Club (LTIC) -How to take on the Long-Term Challenge held during Expo Milano 2015

Invitation (PDF) for Mr. Dominique de Crayencour to attend the seminar on the Priorities/Word Programme of the European Parliament's Committee on Budgets for the current legislature

Conference programme (PDF)

The meeting was opened by Philippe Maystadt, special advisor to Michel Barnier, the EU Commissioner for Internal Market and Services, with a presentation on the accounting environment 'Should IFRS standards be more European?'. Nadia Calviño (DG MARKT) was replaced by Mr. Didier Millerot (DG MARKT) who followed up on the European Commission's Long-Term Investment Green Paper.

Internal presentations of new WG members ensued before discussions reopened on the EFRAG Research Paper 'The role of the business model in financial reporting' in preparation for ELTI's WG response, involving an exchange of views, work allocation, and a calendar proposal. Other concluding topics included a study to be ordered by the Commission aiming to take stock and assess the effects of using international financial reporting standards (IFRSs) in the EU. Those results are expected by September 2014.

Brussels 15 April 2015

An Investment Plan for Europe: joining forces Conference of the European Committee of the Regions

Agenda (PDF)

Summary report of conference session (PDF)

Investment conference background (PDF)

 

SAM 0026

 

The Environmental, Social and Governance (ESG) afternoon seminar of 20th June 2014 focused on financial assessment of non-financial information, i.e. extra-financial reporting following  amendments to the ‘EU accounting directive’ 2013/34/EU. A presentation by François Passant, Executive Director of Eurosif on ‘Why is the non-financial reporting important for responsible investors?’ addressed the EU accounting directive’s content and the implications of the recent amendments, followed by the Novethic CEO Anne-Catherine Husson-Traoré presenting the Novethic viewpoint on ESG and finally Marc Schublin Director of Strategy and Stakeholder Relations (EIB) presented the EIB point of view on ESG in the context of Corporate Social Responsibility (CSR) within EIB.

The floor was left to open to ESG best practice discussions and exchanges between ELTI members, then a discussion moderated by François Passant & Dominique de Crayencour  on the opportunity and content of an ELTI joint contribution to the consultation launched by the European Commission on the achievements, shortcomings and future challenges of the Commission’s activities on Corporate Social Responsibility (CSR).

The Innovative Financial Instruments Working Group (WG) met in Paris on 20th June 2014 for an update on the innovative financial instruments in the 2014-2020 multiannual financial framework and the role of national financial institutions. Mathieu Bertrand (DG MOVE) made a presentation on the Connecting Europe Facility and its Financial Instruments and Giorgio Casoni (DG ECFIN) provided his point of view regarding its implementation.

Discussions followed with Adrian Zambrano from Structured finance and European Infrastructure (EIB) making a presentation on ‘Long-Term Investor Club Infrastructure & Project Bonds WG’ later supported by Cormac Murphy, Head of Infrastructure Division (EIB) making a presentation on the Pan European Debt Infrastructure Fund – PEDIF.

7 January 2015 -G20 Turkey 2015 Invitation sent to the Investment & Infrastructure Working Group Members (IIWG) (PDF)

 

G20 Turkey 2015 Agenda (Word)

The second meeting of the ELTI Working Group on Accounting & Reporting standards took place on 6th November 2014 at 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.

Contact

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