1. 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

2. European Long-Term Investors (ELTI) a.i.s.b.l.
The role of financial instruments
Public value
financial return/Risk/Term
Funding instruments
Higher return
Lower risk
Shorter term
n.a.
Commercial finance
Normal risk/return
Longer Term
EIB/NPBs finance
Technical
Economic
Environmental
Social
Governance
Joint EIB-NPBIs
and budget
Instruments
Lower return
Higher risk
Longer
term
Very low or negative return
Very high risks
Budget grants
n.a.
European Long-Term Investors (ELTI) a.i.s.b.l.

3. Role of NPBIs NPBIs bridge d
Public administration budget/grant culture d
Private sector/markets financial instruments culture
NPBIs bridge
Publicly owned and controled
Promote public policy
Capacity to assess the public value
Advisory role
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.

4. European Long-Term Investors (ELTI) a.i.s.b.l.

5. European Long-Term Investors (ELTI) a.i.s.b.l.

6. 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.