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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.




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.


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.

Press Release

The Long Term Investors’ Club (LTIC) elects Franco Bassanini, chairman of Cassa Depositi e Prestiti (CDP) as its president, and Hu Huaibang, chairman of China Development Bank (CDB), Roman Escolano, chairman of Instituto de Credito Oficial (ICO) and Anass Houir Alami, chairman of Caisse de Dépôt et de Gestion of Morocco as its vice-presidents.
Launched in 2009 by four major European public financial institutions - the European Investment Bank, Caisse des Dépôts, Cassa depositi e prestiti, and KfW - the Long Term Investors’ Club rapidly developed into a global platform composed of leading financial institutions and institutional investors from all over the world.
On the eve of their participation in the D20 meeting on 4 July 2014, the Steering Committee of the Club updated its action plan in order to focus its future action in support of infrastructure, SMEs, and to stimulate discussion about the regulatory framework for long-term financing of sustainable investment in the real economy.
With its 19 members, the LTIC Club herewith represents a combined balance sheet total of more than US $5 trillion which makes it one of the major platforms of investors in the world.
The LTIC Club is a member-driven and project-oriented international organization that gathers global financial institutions and investors committed to supporting the massive longterm investments required for a more sustainable economic growth of the real economy, at national and multilateral level. 


Statement by Heads of G20 financial institutions   Bassanini Speech 

At their second informal meeting, which took place in Rome on July 4th 2014, the Heads of G20 financial institutions with a development or public mandate (“The D20”) discussed their role in helping address the global challenge of achieving green and sustainable growth. They particularly focused on the importance of attracting private long-term finance to infrastructure and SMEs to use the scarce public resources in the most effective way and to enhance the D20 catalytic role. They also emphasised the synergies that could result from closer cooperation between the D20 and the Multilateral Development Banks in a common efforts to support growth and employment.

Opened by the chair, Werner Hoyer, President of the European Investment Bank, the session started with opening key note speeches by Pier Carlo Padoan, Minister of Economy and Finance, Italy and Franco Bassanini, President of Cassa Depositi e Prestiti. The first panel discussed the Role of D20 Institutions on the Growth Challenge: Green Sustainability, Infrastructures and Involvement of Private Resources, and the second panel -Cooperation among D20 Institutions and MDBs. How to do more and better.

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 Chiarion-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).


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