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European Parliament Committee on Budgets A Public hearing on new financial instruments and the role of national promotional banks for the benefit of SMEs 26 April 2016 Dominique de Crayencour The role of financial instruments Public value n.a. financial return/Risk/Term Higher return Lower Shorter risk term Normal risk/return Technical Economic Environmental Social Governance Longer Term Lower Higher Longer return risk term Very low or negative return Very high risks n.a. European Long-Term Investors (ELTI) 2 a.i.s.b.l. Funding instruments Commercial finance EIB/NPBs finance Joint EIB-NPBIs and budget Instruments Budget grants 2 Role of NPBIs Public administration budget/grant culture d NPBIs bridge • Publicly owned and controled • Promote public policy • Capacity to assess the public value • Advisory role Private sector/markets financial instruments culture • Commercially run on sound banking principles • Not for profit • Political independence • Proximity and knowledge of local clients European Association of Long-Term Investors (ELTI) a.i.s.b.l. 3 EU central budget guarantee ESIF budget guarantee EIB equity and junior lending NPBIs equity and junior lending Private sector senior lending Private sector senior lending European Long-Term Investors (ELTI) a.i.s.b.l. 4 European Long-Term Investors (ELTI) a.i.s.b.l. 5 EU Financial Regulations Main messages for possible changes: • Treat grants and financial instruments differently • Ensure enough flexibility and lean procedures • Make use of NPBIs European Association of Long-Term Investors (ELTI) a.i.s.b.l. 6
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