EBRD supporting Deposit Insurance Agencies. Vedrana Jelusic Kasic, Director for Croatia
|
|
- Anissa Hubbard
- 8 years ago
- Views:
Transcription
1 EBRD supporting Deposit Insurance Vedrana Jelusic Kasic, Director for Croatia
2 Contents 1
3 Areas of Policy Dialogue in the Supporting Deposit Insurance DAB Croatia & EBRD 2
4 : an overview Portfolio Composition EBRD is one of the largest investors in Croatia with realized investments over 3.14bn in 172 projects since In 2014 the EBRD committed 298m in 22 projects, with the current portfolio of around 1.06bn. 72% of its portfolio is comprised from private corporate investments while equity investments amounted to more than 750m. Annual Bank Investment and Number of Projects 3
5 : supporting financial sector Investments into the financial sector represent 38% of the portfolio. Composition of the current FI Portfolio in Croatia The main part of the portfolio relates to SME credit lines to commercial banks (62%), followed by placements to the leasing companies (23%). 12% 23% 3% 62% Banks (credit lines) Banks (equity) Factoring Leasing 4
6 Areas of Policy Dialogue in the Supporting Deposit Insurance DAB Croatia & EBRD 6
7 Policy dialogue in the Financial sector included Factoring Law Technical assistance provided to fund the engagement of the legal team to introduce and draft the Law on Factoring. The law was successfully introduced and approved by the Croatian Parliament in July Establishment of SEE Link a joint stock company established by the Bulgarian, Macedonian and Zagreb stock exchanges to support the development of regional capital markets. The Bank provided an 540,000 grant to establish an electronic system for order routing. WEBSEFF II (Western Balkan Sustainable Energy Financing Facility II) allows Croatian private SMEs and municipal companies to benefit from the EU grants that the EBRD has secured for EE and RE investments. Out of total EUR 75 million funding available for Croatia and WB countries, 45mio committed in Croatia. Leasing - Cooperation with the regulator of the Croatian Leasing Market has been aimed at improving reporting standards of the leasing sector. 75m was provided in credit lines to the leasing companies over the last year 6
8 Areas of Policy Dialogue in the Supporting Deposit Insurance DAB Croatia & EBRD 7
9 ( DIA ) DIA, together with the Central bank, the Ministry of Finance and other financial services authorities constitutes a key pillar of a stable financial system and is the guardian of public trust. EBRD provides Technical Assistance and Stand-by credit lines for agencies in different countries tailored for specific requirements of each of the countries. EBRD engagement via Technical Assistance provides the necessary assessment, allowing to, if needed to: implement regulatory changes aimed at strengthening the regulatory environment determine the appropriate level of funding for DIF and/or Resolution Fund 8
10 Albanian Deposit Insurance Agency (ADIA), 2014 Business Purpose: Strengthening of the funding base to increase the deposit coverage ratio to higher levels until ADIA s builds its own funds from premiums. The project provides funding support for ADIA to ensure credible protection of depositors as part of continuing efforts to strengthen the financial infrastructure in Albania. Funding: 100m sovereign standby facility with the availability period of 5 to 10 years. ADIA would be able to draw the credit line upon request for the purpose of making funds available as and when required by the Bank of Albania as the supervisory authority. Technical Assistance: 405,000 for the establishment of automatic monitoring and pay-out system of the depositors with assistance with a gap analysis to establish gaps between ADIA s new legal and organizational framework and the functionality of its existing IT system. 9
11 Deposit Insurance Fund of Kosovo (DIFK), 2013 Business Purpose: Supporting the liquidity of DIFK during the implementation phase until the DIFK managed to build up its own funds from the premium based income. Funding: EUR 10 million sovereign credit line with maturity of 8 to 12 years. The product was structured in a way that, if needed be, DIFK could utilise the credit line as a bridge loan to allow DIFK time to increase the membership fee. Even if never utilised, the line allowed DIFK to maintain a comfortable coverage ratio. Technical Assistance: 300,000 for management training, operational improvements (software), build up of the financial model, alignment of the risk-based premiums system with the EU directive and strengthening of the legal and procedural framework. 10
12 Deposit Insurance Agency of Serbia, 2014 Business Purpose: Under the broader Government initiative for comprehensive financial sector reform, the EBRD together with the National Bank of Serbia, the Ministry of Finance, World Bank, IMF, USAID and the EC embarked on a coordinated programme to improve the financial safety net in Serbia. Funding: 200m sovereign credit line for additional liquidity to DIA supplementing the existing funds balance and its premium income from member banks. The drawn downs are possible, upon request by DIA, upon the occurrence of an insured event for the purpose of securing/paying out funds to insured depositors. Technical Assistance: 575,000 for (i) a comprehensive diagnostic study contributing to a final financial instrument and for (ii) Institutional Capacity Building Programme to bring deposit insurance framework in Serbia in line with the international best practice. 11
13 New projects under consideration EU countries Bulgaria In 2014 the Bulgarian banking market experienced deposit runs on two domestically-owned banks. This event has undermined public trust in the country s banking supervision and potentially also the existing deposit insurance mechanism. EBRD and Bulgarian DIA are currently considering funding options to the Bulgarian DIA for the resolution event according to the preliminary agreed criteria with availability period of 5 to 7 years, maturity of up to 10 years for the drawdown amounts with an overall tenor of up to 15 years. 12
14 Areas of Policy Dialogue in the Supporting Deposit Insurance DAB Croatia & EBRD 13
15 Croatia: Cooperation between DAB and EBRD Business purpose: In line with the new EU directives (BBRD and DGS) and the new local legislation, EBRD will assist DAB in adapting its new organisational setup and building up its financial capacity as a Resolution Authority. BRRD requires each member state to create a Resolution Fund ( RF ) to allow the costs related to banks resolution to be covered in advance in the event of potential bank failures. In Croatia, DAB will now act also as a Resolution Authority and will be in charge of the premium collection for the RF and the management of the RF. Technical Assistance: EBRD has mobilised Technical Assistance for Diagnostic Review Study to assist DAB in aligning with the BRRD and DGS s guidelines 14
16 Croatia: Cooperation between DAB and EBRD Diagnostic Review will cover the following key areas: Determination of the adequate RF funding by building financial model to assist with the identification of the most appropriate risk premium structure. Assessment of the current adequacy of the insured deposits. Assessment of the new organisational structure, with focus on the new roles related to the RF, including recommendations in line with the best practices. Assessment of the corporate governance and recommendations. Funding: Based on the result of Diagnostic Review, and if needed, the EBRD may provide a stand-by credit line. 15
17 THANK YOU FOR YOUR ATTENTION 16
Project Fiche No. 8 Implementation and follow-up of the Small Business Act (SBA)
1. Basic information Project Fiche No. 8 Implementation and follow-up of the Small Business Act (SBA) 1.1 CRIS Number: 2010/XXXX 1.2 Title: Implementation and follow-up of the Small Business Act (SBA)
More informationAnnual Press Conference
Annual Press Conference Exceptional response for exceptional times Werner Hoyer EIB Group President - 28 February 2013-28/02/2013 European Investment Bank Group 1 Capital increase Exceptional response
More informationFSI-IADI Seminar on Bank Resolution, Crisis Management and Deposit Insurance Issues. Coordination of safety net players: Role of DIA.
FSI-IADI Seminar on Bank Resolution, Crisis Management and Deposit Insurance Issues Coordination of safety net players: Role of DIA Jerzy Pruski IADI President and Chair of the Executive Council President
More informationDEPOSIT INSURANCE Guarantor to deposits vs insurer to bank s deposit
Deposit Insurance Agency of Bosnia and Herzegovina DEPOSIT INSURANCE Guarantor to deposits vs insurer to bank s deposit Josip Nevjestić, Director of the Deposit Insurance Agency of Bosnia and Herzegovina
More informationImplementation of the Small Business Act Developing new assessment instruments
WITH THE FINANCIAL SUPPORT OF THE EUROPEAN UNION Implementation of the Small Business Act Developing new assessment instruments Antonio Fanelli Private Sector Development Division - OECD 1 Objectives Overall
More informationSecurities markets regulators in transition
Securities markets regulators in transition Below is a list of the securities regulators, in the EBRD region with summaries of their objectives and competencies (plus links to the website): [Note: If you
More informationASSESSMENT OF THE DEPOSIT INSURANCE FUND S ADEQUACY IN RELATION TO ESTIMATED RISK OF THE BANKS
ASSESSMENT OF THE DEPOSIT INSURANCE FUND S ADEQUACY IN RELATION TO ESTIMATED RISK OF THE BANKS Ćamila Šalaka, Co-ordinator for Membership and Insurance Premium Gorana Krunić, Coordinator for the Assessment
More informationEBRD IN THE SOUTHERN & EASTERN MEDITERRANEAN REGION. Milan, 3 June 2014
EBRD IN THE SOUTHERN & EASTERN MEDITERRANEAN REGION Milan, 3 June 2014 Contents EBRD: Introduction to EBRD EBRD: in the Southern and Eastern Mediterranean region (SEMED) EBRD: LEF, Local Enterprise Facility
More informationCapital Market Development in CESEE and the Need for Further Reform
Capital Market Development in CESEE and the Need for Further Reform Krisztina Jäger-Gyovai 1 Domestic capital markets in Central, Eastern and Southeastern Europe (CESEE) are still less developed than capital
More information/ Insurance. Regional Highlights * Bosnia and Herzegovina. karanovic/nikolic. /March 2015/
/ Insurance Regional Highlights * /March 2015/ The insurance sector in South Eastern Europe has undergone considerable change in recent years, marked by Croatia s accession to the EU, amendments to legislation
More informationClose Brothers Close Brothers Finance plc (incorporated with limited liability in England and Wales with registered number 4322721)
SUPPLEMENTARY PROSPECTUS DATED 9 APRIL Close Brothers Close Brothers Finance plc (incorporated with limited liability in England and Wales with registered number 4322721) 1,000,000,000 Euro Medium Term
More informationSTRENGTHENING MACRO AND MICRO-PRUDENTIAL SUPERVISION IN EU CANDIDATES AND POTENTIAL CANDIDATES
April 2012 STRENGTHENING MACRO AND MICRO-PRUDENTIAL SUPERVISION IN EU CANDIDATES AND POTENTIAL CANDIDATES A programme funded by the European Union Project Summary (not for publication) A programme implemented
More informationWestern Balkans Regional Energy Efficiency Programme (REEP)
Western Balkans Regional Energy Efficiency Programme (REEP) EECG meeting, Vienna 10 March 2016 The Programme is funded by EU IPA and the European Western Balkans Joint Fund, and implemented by EBRD in
More informationEnterprise Innovation Fund (ENIF) South Central Ventures. EU Access to Finance Day Skopje, 11. November 2015
Enterprise Innovation Fund (ENIF) EU Access to Finance Day Skopje, 11. November 2015 South Central Ventures 2 WB EDIF: The overview Comprehensive Private Sector Development Project The first private sector/sme
More informationNEED OF FINANCIAL INSTITUTIONS SUPERVISION THROUGH AN SINGLE FRAMEWORK OF MACRO-PRUDENTIAL SUPERVISION
NEED OF FINANCIAL INSTITUTIONS SUPERVISION THROUGH AN SINGLE FRAMEWORK OF MACRO-PRUDENTIAL SUPERVISION MEDAR LUCIAN-ION, Professor PHD, CHIRTOC IRINA-ELENA, Assistant professor PHD, CONSTANTIN BRANCUSI
More informationPublic consultation on Building a Capital Markets Union
Case Id: 6793f8c7-c6ef-45dd-8987-665fe5775337 Date: 13/05/2015 23:30:38 Public consultation on Building a Capital Markets Union Fields marked with * are mandatory. Introduction The purpose of the Green
More informationKey learning points I
Key learning points I What do banks do? Banks provide three core banking services Deposit collection Payment arrangement Underwrite loans Banks may also offer financial services such as cash, asset, and
More informationFSB launches peer review on deposit insurance systems and invites feedback from stakeholders
Press release Press enquiries: Basel +41 61 280 8037 Press.service@bis.org Ref no: 26/2011 1 July 2011 FSB launches peer review on deposit insurance systems and invites feedback from stakeholders The Financial
More informationEFDI International Conference 3 September 2015, Dubrovnik, Croatia
EFDI International Conference 3 September 2015, Dubrovnik, Croatia Yvonne Fan Chairperson, Research of Guidance Committee, IADI Director, Int l Relations and Research Office, CDIC (Taiwan) IADI Funding
More informationUSAID Business Enabling Project in Serbia Scope of Work for Consultant Technical Assistance to the Ministry of Finance and Economy
USAID Business Enabling Project in Serbia Scope of Work for Consultant Technical Assistance to the Ministry of Finance and Economy About the Project The Serbia Business Enabling Project ( BEP ) is a five-year
More informationSECTOR ASSESSMENT (SUMMARY): FINANCE 1. 1. Sector Performance, Problems, and Opportunities
Country Partnership Strategy: Bangladesh, 2011 2015 SECTOR ASSESSMENT (SUMMARY): FINANCE 1 Sector Road Map 1. Sector Performance, Problems, and Opportunities 1. The finance sector in Bangladesh is diverse,
More informationCHAPTER V. OTHER ACTIVITIES OF THE BANK OF ALBANIA
CHAPTER V. OTHER ACTIVITIES OF THE BANK OF ALBANIA V.1 PAYMENT SYSTEM Objectives of the system One of the main tasks of the Bank of Albania (pursuant to the Law On the Bank of Albania ) is the encouragement
More information-> Difficulties with access to finance -> the inherent complexity the innovation process -> and administrative / regulatory burdens.
1 Entrepreneurship is about two things. It means, of course, fostering the creation of new start-ups. But entrepreneurship refers also to a mindset, that should be stimulated at each stage of a company
More informationMinistry of Finance Finansinspektionen Sveriges Riksbank
Ministry of Finance Financial Markets Department Dnr: Fi2015/04660/FMA/B Banking Dnr: 15-13707 Financial Stability Department Dnr: 2015-00579 European Commission DG Financial Stability Financial Services
More informationConsiderations on Albanian Life Insurance Market
The Romanian Economic Journal 133 Considerations on Albanian Life Insurance Market Gentiana Sharku 1 Brikena Leka 2 Etleva Bajrami 3 The life insurance sector is an important sector of the economy all
More informationCOMMISSION STAFF WORKING PAPER EXECUTIVE SUMMARY OF THE IMPACT ASSESSMENT. Accompanying the document. Proposal for a
EUROPEAN COMMISSION Brussels, XXX SEC(2011) 1227 COMMISSION STAFF WORKING PAPER EXECUTIVE SUMMARY OF THE IMPACT ASSESSMENT Accompanying the document Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT
More informationInterview Vedrana Jelušić Kašić Director for Croatia European Bank for Reconstruction and Development (EBRD) Croatian Real Estate Newsletter
Croatian Real Estate Newsletter Volume 88, December 2013 TOPIC OF THIS ISSUE: Interview Vedrana Jelušić Kašić Director for Croatia European Bank for Reconstruction and Development (EBRD) So far, EUR 2.7
More informationClassification and Presentation of Data on Claims and Liabilities
CNB BULLETIN NOTES ON METHODOLOGY 1 Classification and Presentation of Data on Claims and Liabilities The Croatian National Bank has begun to implement the ESA 2010 standard in its statistics, which also
More informationDSF POLICY BRIEFS No. 1/ February 2011
DSF POLICY BRIEFS No. 1/ February 2011 Risk Based Deposit Insurance for the Netherlands Dirk Schoenmaker* Summary: During the recent financial crisis, deposit insurance cover was increased across the world.
More informationMarket and Liquidity Risk Assessment Overview. Federal Reserve System
Market and Liquidity Risk Assessment Overview Federal Reserve System Overview Inherent Risk Risk Management Composite Risk Trend 2 Market and Liquidity Risk: Inherent Risk Definition Identification Quantification
More informationReal Estate in Europe. Update on regulatory developments. Ad Buisman
Real Estate in Europe Update on regulatory developments Ad Buisman Update on regulatory development May 22, 2012 Page 2 Key regulations that will impact the real estate funds industry Regulations that
More informationImpact assessment of the new liquidity rules on Luxembourg banks
Impact assessment of the new liquidity rules on Luxembourg Abstract of the presentation held at the ABBL conference Basel III New Liquidity Rules: Which Impacts for Luxembourg? 1 Context A local Quantitative
More informationInvestment and Investment Finance in Croatia, how can the EIB contribute? Dario Scannapieco and Debora Revoltella European Investment Bank
Investment and Investment Finance in Croatia, how can the EIB contribute? Dario Scannapieco and Debora Revoltella European Investment Bank 24 March 2014 Outline EU and Croatia key challenges The Investment
More informationDecision on recovery plans of credit institutions. Subject matter Article 1
Pursuant to Article 101, paragraph (2), item (8) and Article 154, paragraph (2) of the Credit Institutions Act (Official Gazette 159/2013) and Article 43, paragraph (2), item (9) of the Act on the Croatian
More informationPreparing for Solvency II Time for asset managers and asset servicers to act. Thierry Flamand Partner Advisory & Consulting Deloitte
Preparing for Solvency II Time for asset managers and asset servicers to act Thierry Flamand Partner Advisory & Consulting Deloitte Michael Cravatte Director Advisory & Consulting Deloitte The insurance
More informationECB-PUBLIC. 2. General observations
EN ECB-PUBLIC OPINION OF THE EUROPEAN CENTRAL BANK of 1 February 2016 on the recovery and resolution of credit institutions and investment firms (CON/2016/5) Introduction and legal basis On 22 December
More informationBanking Regulation and Supervision Agency of Turkey (BRSA)
Banking Regulation and Supervision Agency of Turkey (BRSA) Tuba GEÇER ER Senior Bank Examiner Başak ak YETİŞ İŞEN TEKER Banking Specialist Moscow, 28 September 2011 Who We Are Banking Regulation and Supervision
More informationRecent policy approaches to SME finance
Recent policy approaches to SME finance Dr. Helmut Kraemer-Eis Head of Research & Market Analysis European Investment Fund 07 July 2014 Rome The European Investment Fund (EIF) at a glance 1994 founded
More informationList of legislative acts
List of legislative acts BRRd : d irective 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment
More informationDG ENLARGEMENT SECTOR BUDGET SUPPORT GUIDELINES
Ref. Ares(2014)571140-04/03/2014 DG ENLARGEMENT SECTOR BUDGET SUPPORT GUIDELINES EXECUTIVE SUMMARY January 2014 TABLE OF CONTENTS Introduction 1. RATIONALE FOR BUDGET SUPPORT 1.1 What is Budget Support?
More informationEBA-GL-2015-02. 23 July 2015. Guidelines. on the minimum list of qualitative and quantitative recovery plan indicators
EBA-GL-2015-02 23 July 2015 Guidelines on the minimum list of qualitative and quantitative recovery plan indicators Contents EBA Guidelines on the minimum list of qualitative and quantitative recovery
More informationInnovation and PPP financing: The European Investment Fund
Innovation and PPP financing: The European Investment Fund Dr. Helmut Kraemer-Eis Head of Research & Market Analysis European Investment Fund UNECE - 12 February 2014 Geneva What is the EIF? As part of
More informationVienna 2 Initiative. Working Group on the European Banking Union and Emerging Europe 12
1 Vienna 2 Initiative Working Group on the European Banking Union and Emerging Europe 12 General considerations The countries of Central, Eastern and South Eastern Europe (CESEE) have today very different
More informationYour Partner in Building Catastrophe and Weather Risk Markets
Your Partner in Building Catastrophe and Weather Risk Markets Building Resilience to Disasters in Western Balkans and Turkey Natural Catastrophe Risk Exposure Natural Disasters can strike anyone, anywhere
More informationEuro Summit. Brussels, 12 July 2015 SN 4070/15 EUROSUMMIT. Euro Summit Statement
Euro Summit Brussels, 12 July 2015 SN 4070/15 EUROSUMMIT Subject: Euro Summit Statement Brussels, 12 July 2015 The Euro Summit stresses the crucial need to rebuild trust with the Greek authorities as a
More informationThe Liquidity Coverage Ratio and Potential Implications for (Small) Business Financing in an Austrian Context Executive Summary (July 2012)
The Liquidity Coverage Ratio and Potential Implications for (Small) Business Financing in an Austrian Context Executive Summary (July 2012) A study by IHS (Bernhard Felderer, Ines Fortin) and LBMS (Luise
More informationMediterranean Guarantees
A newsletter on risk mitigation instruments for infrastructure investment in the Mediterranean Issue 2, October 2013 The Investment Security in the Mediterranean (ISMED) Support Programme seeks to increase
More informationFinancial Architecture and Banking Systems
Financial Architecture and Banking Systems Financial and Private Sector Development Financial Systems Practice The World Bank Group Our Mission The Financial Architecture and Banking Systems Service Line
More informationWe also assign a D- bank financial strength rating (BFSR) to the bank. The rationale for this rating mirrors that for the BCA.
Moody s Investors Service Ltd CREDIT OPINION MORTGAGE AND LAND BANK OF LATVIA Summary Rating Rationale In accordance with Moody s rating methodology for government-related issuers (GRIs), we assign A2/Prime-1
More informationFactoring, reverse factoring and other tools for access to finance. Ivor Istuk. Friday, 22 November 2013
Factoring, reverse factoring and other tools for access to finance Ivor Istuk Friday, 22 November 2013 OUTLINE Outline of presentation 1. Problem of late payments 2. Factoring good mitigation tool Defining
More informationEU Finance for Innovators in the Nordics. Oslo, Thursday 11 December 2014
EU Finance for Innovators in the Nordics Oslo, Thursday 11 December 2014 Welcome addresses Dilek Ayhan State Secretary, Norwegian Ministry of Trade, Industry and Fisheries Helen Campbell EU Ambassador
More informationEuropean Union SME policies. Ulla Hudina
European Union SME policies Ulla Hudina EU Finance Day for SMEs, Athens, 20th January 2009 Supporting SMEs SMEs backbone of EU economy: important players in all value chains; 23 million SMEs (99 % of all
More informationthe EU framework programme for research and innovation
the EU framework programme for research and innovation The Multiannual Financial Framework 2014-2020: Commission s proposals of 29 June 2011 1. Smart & inclusive growth ( 491bn) Education, Youth, Sport
More informationCESEE DELEVERAGING AND CREDIT MONITOR 1
CESEE DELEVERAGING AND CREDIT MONITOR 1 November 4, 214 Key Developments in BIS Banks External Positions and Domestic Credit In 214:Q2, BIS reporting banks reduced their external positions to CESEE countries
More informationAnnual Borrowing Plan
20154 Bosnia and Herzegovina Federation of Bosnia and Herzegovina Federal Ministry of Finance Annual Borrowing Plan 2016 January 2016 www.fmf.gov.ba INTRODUCTION In order to increase transparency, fiscal
More informationASF: The French Association of Specialised Finance Companies
ASF: The French Association of Specialised Finance Companies Created under the regulatory framework of the banking act of 24 January 1984, the ASF (the French Association of Specialised Finance Companies)
More informationOvercoming the Crisis
Overcoming the Crisis Klaus Regling, Managing Director, ESM Bank of Greece Athens, 10 July 2014 Reasons for the crisis The crisis was caused by a very specific mix of circumstances: Excessive deficit/debt
More informationImplementation of BRRD, and use of and experiences with bail-in in Denmark Oslo, 29 May 2015
Implementation of BRRD, and use of and experiences with bail-in in Denmark Oslo, 29 May 2015 Jens Verner Andersen, EVP CFO Financial Stability Company, Denmark Agenda Danish framework for resolution of
More informationWe endeavor to maximize returns.
We endeavor to maximize returns. Ayşegül Özel Yapı Kredi Bankası Private Banking Portfolio Manager Erdoğan Yücel Yapı Kredi Emeklilik Sales Manager FInance 4 th largest private bank (asset size) Leader
More informationEU Finance for Innovators and Growth Companies in Poland. Warsaw, Thursday 6 November 2014
EU Finance for Innovators and Growth Companies in Poland Warsaw, Thursday 6 November 2014 Welcome addresses László Baranyay, Vice-President, EIB Krzysztof Pietraszkiewicz, President, Polish Bank Association,
More informationConsultation Paper. Draft Regulatory Technical Standards on the content of resolution plans and the assessment of resolvability EBA/CP/2014/16
EBA/CP/2014/16 9 July 2014 Consultation Paper Draft Regulatory Technical Standards on the content of resolution plans and the assessment of resolvability Contents 1. Responding to this Consultation 3 2.
More informationExperts Working Group Meeting on. HR Information Systems. 28-29 September 2015. Tirana (Albania) Provisional Discussion Paper and Agenda
HUMAN RESOURCE MANAGEMENT AND DEVELOPMENT Experts Working Group Meeting on HR Information Systems 28-29 September 2015 Tirana (Albania) Provisional Discussion Paper and Agenda Background ReSPA is an International
More information2013 Annual Results. D. Francisco Gómez Martín CEO. Madrid, January 31 st, 2014
2013 Annual Results D. Francisco Gómez Martín CEO Madrid, January 31 st, 2014 Disclaimer This presentation has been prepared by Banco Popular Español solely for purposes of information. It may contain
More informationEBRD Non Performing Loans (NPLs) and Corporate Restructuring
EBRD Non Performing Loans (NPLs) and Corporate Restructuring Vienna, June 2015 EBRD Non Performing Loans (NPLs) and Corporate Restructuring EBRD and addressing Corporate NPLs EBRD s role in Corporate Restructuring
More informationRegulations in General Insurance. Solvency II
Regulations in General Insurance Solvency II Solvency II What is it? Solvency II is a new risk-based regulatory requirement for insurance, reinsurance and bancassurance (insurance) organisations that operate
More informationEBA FINAL draft Regulatory Technical Standards
EBA/RTS/2015/03 03 July 2015 EBA FINAL draft Regulatory Technical Standards on resolution colleges under Article 88(7) of Directive 2014/59/EU Contents 1. Executive summary 3 2. Background and rationale
More informationBritish Business Bank
British Business Bank Peter Wilson CEO British Business Bank Investments ABFA Annual Conference 3 June 2015 Contents Overview of the British Business Bank Rationale Business Model Aims Programmes Impact
More informationMeeting 28/18.12.2015
Meeting 28/18.12.2015 Item 2: Application of the sale of business tool under Article 38, within Article 2, of Law 4335/2015 to the credit institution under resolution COOPERATIVE BANK OF PELOPONNESE COOP
More informationCPR_37_4 support to enterprises/working capital
EUROPEAN COMMISSION European Structural and Investment Funds Guidance for Member States and Programme Authorities CPR_37_4 support to enterprises/working capital DISCLAIMER: This is a working document
More informationThe Northern Trust Company, Canada Basel III Pillar lll Disclosure as at December 31, 2015
The Northern Trust Company, Canada Basel III Pillar lll Disclosure as at December 31, 2015 Subject to Board Approval Posting date: January 29, 2016 Contents NORTHERN TRUST OVERVIEW AND SCOPE OF APPPLICATION.
More informationBANK RECOVERY AND RESOLUTION DIRECTIVE (BRRD) Public Consultation DECEMBER 2014
BANK RECOVERY AND RESOLUTION DIRECTIVE (BRRD) Public Consultation DECEMBER 2014 Public Consultation Paper: Bank Recovery and Resolution Directive Department of Finance December 2014 Department of Finance
More informationPOLICY POSITION PAPER ON THE PRUDENTIAL TREATMENT OF CAPITALISED EXPENSES
POLICY POSITION PAPER ON THE PRUDENTIAL TREATMENT OF CAPITALISED EXPENSES RESULTS OF A SURVEY OF AUTHORISED DEPOSIT-TAKING INSTITIONS, UNDERTAKEN BY THE AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY June
More informationReport from the Republic of Serbia
Report from the Republic of Serbia Introduction Expectations of the government and participants in the market at the start of 2011 were directed towards continuing the economic recovery begun in 2010.
More informationMISSION VALUES. The guide has been printed by:
www.cudgc.sk.ca MISSION We instill public confidence in Saskatchewan credit unions by guaranteeing deposits. As the primary prudential and solvency regulator, we promote responsible governance by credit
More informationFACTORING AND REVERSE FACTORING REFORMS IN THE EBRD REGION
30 FOCUS SECTION Ivor Istuk and Miroljub Labus FACTORING AND REVERSE FACTORING REFORMS IN THE EBRD REGION Cash is vital for businesses to pay staff wages, purchase stock and raw materials, and meet tax
More informationContents. About the author. Introduction
Contents About the author Introduction 1 Retail banks Overview: bank credit analysis and copulas Bank risks Bank risks and returns: the profitability, liquidity and solvency trade-off Credit risk Liquidity
More informationDanish Bank Packages. 11 November 2011
Danish Bank Packages 11 November 2011 Danish bank packages Timeline, contents and purpose of the bank packages (BP I to IV) BP I: Stability Package (8 October 2008 to 30 September 2010) Unlimited state
More informationThe added value of guarantees for the agricultural sector
The added value of guarantees for the agricultural sector Katrin Sturm, Secretary General of the European Association of Guarantee Institutions (AECM) and Tamás Leskó, Director, AVHGA - Rural Credit Guarantee
More informationGREEN FOR GROWTH FUND, SOUTHEAST EUROPE FINANCING ENERGY EFFICIENCY EXPERIENCES
GREEN FOR GROWTH FUND, SOUTHEAST EUROPE FINANCING ENERGY EFFICIENCY EXPERIENCES Vienna, Austria February, 2011 AGENDA How Can Financing Work for EE Investments? What slows investment? The Role of GGF:
More informationGroup review Q1 2014. Change Q1 2013. Change
30 April 2014 International Personal Finance plc Interim Management Statement Delivering further growth and returns for shareholders Highlights Strong growth achieved Q1 before tax increased by 3.6M to
More information21st Century Hungary as Regional Financial Centre
21st Century Hungary as Regional Financial Centre Focus The new Hungarian government is firmly determined to make Hungary the 21st century financial services centre of Central Europe by the recently released,
More informationDebt P r e s e n t e d b y K a r e l F o r d e
Debt Management Reform in Antigua and Barbuda Common wealth Secretariat / CARADEM forum 17-18 June 2013 Debt P r e s e n t e d b y K a r e l F o r d e P u b l i c D e b t O f f i c e r, M i n i s t r y
More informationNMRC AND THE NIGERIAN MORTGAGE MARKET:
NMRC AND THE NIGERIAN MORTGAGE MARKET: An Intermediate Step to a full Secondary Mortgage Market 2014 CAPITAL MARKET COMMITTEE (CMC) RETREAT & CONFERENCE Sonnie Ayere Interim CEO, NMRC Chairman, Dunn Loren
More informationPENSION INSURANCE IN REPUBLIC OF CROATIA 2008, progress and improvements
PENSION INSURANCE IN REPUBLIC OF CROATIA 2008, progress and improvements Snježana Baloković Ministry of Economy, Labour and Entrepreneurship JIM Conference, Zagreb, 31 March 2009 1 PENSION REFORM Started
More informationSTANDARD TWINNING LIGHT PROJECT FICHE
STANDARD TWINNING LIGHT PROJECT FICHE 1. Basic Information 1.1 Programme: IPA 2011 1.2 Twinning Number: HR/2011/IB/OT/01 TWL 1.3 Title: Capacity Building of the National School for Public Administration
More informationMEMBER BUSINESS LOAN GUIDANCE
MEMBER BUSINESS LOAN GUIDANCE The following guidance was drafted based on information in NCUA s Member Business Loans Regulation as detailed in Part 723, and other applicable laws and regulations. It is
More informationEnPC/ESCO in Romania (public buildings and public lighting)
EnPC/ESCO in Romania (public buildings and public lighting) Dana Ionescu EBRD Bogdan Anton Tractebel Engineering 17 November 2014 Content: EU Context Romanian Context Benefits of EnPC / ESCO EBRD specific
More informationCORPORATE MEMBERS OF LIMITED LIABILITY PARTNERSHIPS
1. INTRODUCTION CORPORATE MEMBERS OF LIMITED LIABILITY PARTNERSHIPS 1.1 This note, prepared on behalf of the Company Law Committee of the City of London Law Society ( CLLS ), relates to BIS request for
More informationHYPO ALPE ADRIA INVESTOR RELATIONS PRESENTATION OF RESULTS H1/2014. Klagenfurt, August 28 th 2014. SEE Group. AUSTRIA (sold) HYPO ITALY (Wind Down)
HYPO ALPE ADRIA INVESTOR RELATIONS PRESENTATION OF RESULTS H1/2014 Germany Klagenfurt, August 28 th 2014 SEE Group AUSTRIA (sold) HYPO ITALY (Wind Down) ASSET RESOLUTION (Wind Down) H1/2014 Results: Executive
More informationFinancial Support Facilities Available for Energy Efficiency and Renewable Energy in the Western Balkans
Policy and Strategy Discussions Financial Support Facilities Available for Energy Efficiency and Renewable Energy in the Western Balkans November 2011 Financial Support Facilities Available for Energy
More informationAccess to finance for. SMEs. István NÉMETH European Commission DG for Internal Market, Industry, Entrepreneurship and SMEs
Access to finance for SMEs István NÉMETH European Commission DG for Internal Market, Industry, Entrepreneurship and SMEs Why EU intervention needed? EU financial instruments for SMEs Building on success
More informationInternational Deposit Insurance Survey
International Deposit Insurance Survey Section 1: Background Information 1.1 Organization (deposit insurer) responsible for administering the deposit insurance system: 1.1.1 Organization Name: Swedish
More informationPRESENTATION OF THE SPI ALBANIA MODERNIZATION PLATFORM. SPI Albania Secretariat European University of Tirana January 15, 2009
PRESENTATION OF THE SPI ALBANIA MODERNIZATION PLATFORM SPI Albania Secretariat European University of Tirana January 15, 2009 Agenda I. SPI Albania Structure and Project Management II. SPI Albania Projects
More informationMiFID II: Impact on company financing in Belgium
MiFID II: Impact on company financing in Belgium Jean-Paul SERVAIS Chairman FSMA Chair ESMA Investor Protection & Intermediaries Standing Committee 25 April 2014 Overview 1. Timeline for MiFID II 2. MiFID
More informationInstitute of Certified Bookkeepers
Making you count Institute of Certified Bookkeepers Level IV Module 2 Drafting Financial Statements Topic 1 The Regulatory Framework Explain the purpose of Financial Statements, the legal framework that
More informationEU Regional Blending Facilities and Private Sector Investments
EU Regional Blending Facilities and Private Sector Investments Innovative Development Finance Workshop Margareta McConnell 8 May 2015 EU Regional Blending Facilities 2 Potential Sources of Private Finance
More informationBasel Committee on Banking Supervision. International Association of Deposit Insurers. Core Principles for Effective Deposit Insurance Systems
Basel Committee on Banking Supervision International Association of Deposit Insurers Core Principles for Effective Deposit Insurance Systems A methodology for compliance assessment December 2010 Copies
More informationDesigning the funding side of the Single Resolution Mechanism (SRM): A proposal for a layered scheme with limited joint liability
Jan Pieter Krahnen - Jörg Rocholl Designing the funding side of the Single Resolution Mechanism (SRM): A proposal for a layered scheme with limited joint liability White Paper Series No. 10 Designing the
More informationFinancial Status, Operating Results and Risk Management
Financial Status, Operating Results and Risk Management 87 Financial Status 88 89 90 90 90 95 95 Operating Results Cash Flow Effects of Major Capital Expenditures in the Most Recent Fiscal Year on Financial
More informationFinancing Development through Financial Institutions. Presented by Larisa Manastirli, Principal Banker, Financial Institutions
Financing Development through Financial Institutions Presented by Larisa Manastirli, Principal Banker, Financial Institutions Today s presentation Bank Mandate and FI goals BSTDB and FI Loan portfolio
More information