Author: Iain Begg
Publisher: World Bank Publications
ISBN: 9780821344996
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
This study is the first of a three-stage research program that aims to investigate institutional arrangements for local and regional capital investment in selected CEECs and assess whether these arrangements provide appropriate signals to economic agents with regard to EU accession. This publication is a Technical Paper sponsored by the Poverty Reduction and Economic Management Network of the World Bank's Europe and Central Asia Division. It is part of a comprehensive series regarding the many important factors that influence European Union (EU) accession in the Central and East European countries (CEEC). The topics in the series cover both the social and economic aspects of accession across a broad range of sectors. The series also provides background information for specific acceding countries. These publications will be of interest to EU member and candidate countries, their ministries, and any one studying the accession issue.
Author: European Commission
Publisher:
ISBN:
Category : Economic assistance, European
Languages : en
Pages : 26
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Book Description
In response to the evolution of the world economy and its impact on Europe, the European Commission proposed a set of programmes to boost jobs, growth and investment across the European Union. The programmes are part of the multiannual financial framework 2014-2020. This publication guides you through these programmes and the funding opportunities they offer are briefly described here in this booklet. Detailed information is available on the European Commission's website. EU funding opportunities prove the added value of the EU budget in a number of fields, from research, employment, regional development and cooperation to education, culture, environment, humanitarian aid and energy, among many others. Significant support is available to small and medium-sized businesses, non-governmental and civil society non-profit organisations, young people, researchers, farmers and public bodies, to name a few.
Author: European Commission
Publisher:
ISBN: 9789279641800
Category : Economic assistance, European
Languages : en
Pages : 16
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Book Description
Author: European Commission
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 212
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Book Description
Author: Weltbank
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
This review examines corporate governance practices in the investment fund sector of the ten new member states in the European Union, composed of the European countries that transitioned to market economies in the 1990s: the eight countries that joined the European Union (EU) in 2004 .Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia. plus Bulgaria and Romania which joined in 2007. Croatia, for which accession negotiations started in 2005, is also included in this Review. (For simplification, these countries will be referred to as the EU11.) The review draws on two sources for data. Over the last two years, in-depth diagnostic reviews of investment governance were conducted by the World Bank in two of the countries, the Czech Republic and Slovenia. The objectives of the reviews were to develop a set of good practices. for investment fund governance and provide specific recommendations for the supervisory authorities in each country. The second source was the public websites of each of the supervisory authorities. The analysis in the review also draws on a number of recent studies done by international organizations such as IOSCO and the EU on governance in the investment fund sector. This review does not attempt to replicate these studies, but instead aims to identify selected areas where fund governance could be strengthened either by laws and regulations or by government policies.
Author:
Publisher:
ISBN:
Category : Electronic book
Languages : en
Pages :
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Book Description
Author: Phoebus Athanassiou
Publisher: Kluwer Law International B.V.
ISBN: 904114465X
Category : Law
Languages : en
Pages : 384
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Book Description
While hedge funds have been part and parcel of the global asset management landscape for well over fifty years, it is only relatively recently that they came to prominence as one of the fastest growing and most vigorous sub-sectors of the financial services industry. Despite their growing significance for global and European financial markets, hedge funds continue enjoying a sui generis regulatory status. The ongoing credit crisis and its lessons for the wisdom of unregulated or loosely regulated pockets of financial activity raise, with renewed urgency, the issue of deciding how long for the relative regulatory immunity of hedge funds is to be tolerated in the name of financial innovation. This well-thought-out book, the first of its kind in this particular field, examines the case for the European onshore hedge fund industry’s regulation, making concrete proposals for its normative future. Following a detailed account of the ‘established’ regulatory systems in Ireland and Luxembourg, as well as of the ‘emerging’ hedge fund jurisdictions in Italy, France, Spain and Germany, and of the regulatory treatment of hedge funds in the UK, this book examines to what extent the continuing exclusion of hedge funds from harmonized European regulation is defensible, whether their differences to traditional asset management products justify their distinct regulatory treatment and, ultimately, if their EU-wide regulation is possible and, if so, what form this should take. This book offers enormously valuable insights into all facets of the subject of the regulation of hedge funds, including: the legitimacy of the public policy interest in their activities; the conceptual underpinnings and systemic stability emphasis of a realistic hedge fund regulatory scheme; the main parameters of a workable onshore hedge fund regulatory framework; the role of investor protection and market integrity as part of a holistic hedge fund regulatory scheme; the possible use of the UCITS framework as a foundation for the EU-wide regulation of hedge funds; the MiFID’s impact on the regulatory future of the European hedge fund industry; existing cross-jurisdictional differences and similarities in the normative treatment of hedge funds within the EU; hitherto initiatives and recommendations of the Community institutions and bodies; and the need for more efficient co-operation and information-sharing arrangements amongst national supervisors for the monitoring of the cross-border risks inherent in the activities of hedge funds. As the first ever comprehensive account of the profile, main features and normative future of the contemporary global and European hedge fund markets – including a systematic inquiry into the conceptual underpinnings of hedge fund regulation and a detailed examination of the European hedge fund industry’s treatment under Community and domestic law – this book represents a major contribution to the literature on hedge funds and their regulation which, through its concrete proposals for the onshore industry’s regulation and its clear analysis of the conditions necessary for their implementation, should be of extraordinary value to policymakers, supervisors and academics alike.
Author: European Court of Auditors
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 50
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Book Description
"The Commission and the Member States have set up eight regional investment facilities to support EU external policies. These investment facilities aim at pooling together (blending) grants provided by the European Commission with loans from financial institutions. They contribute to finance key infrastructure projects that require considerable financial resources. The Court examined the effectiveness of blending EU grants with loans from financial institutions. The Court concludes that this blending has been generally effective. The regional investment facilities were well set up but the potential benefits of blending were not fully realised. The Court makes a number of recommendations for the Commission that concern project selection and grant approval, disbursement of funds, monitoring of the implementation of EU grants, and enhancing the visibility of EU aid."--Publisher's description.
Author:
Publisher:
ISBN: 9789276001638
Category :
Languages : en
Pages :
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Book Description
This report provides an overview of relevant EU funding sources for projects aimed at improving energy efficiency and deploying renewable energy in the heating and cooling sector, and to support innovation and job creation at regional level in the same sector. This study covers European funding sources for the current programming period (2014-2020). Where possible, an outlook will be provided for the period beyond 2020 (2021-2027). The overview will focus on public funding, both grants and other financial instruments such as soft loans and guarantees. EU funding for heating and cooling projects is channelled both through the five European Structural and Investment Funds (ESIF) and through dedicated EU grants and financial instruments. The bulk of ESIF funding under the Cohesion Policy is concentrated on less developed European countries and regions, whereas the other EU funding sources are typically open to applicants in all Member States. Many EU funding instruments require cross border cooperation, but there are also EU instruments that allow for a single applicant. Some of the EU funding sources in this report are well-known and established, others are less popular. Typically, the more popular programmes also have lower winning chances. It may therefore pay off to look at alternatives. Moreover, preparing an EU funding project can be complex and time consuming. A review of several surveys on the subject revealed that experience of drafting project applications is one of the major differences between successful and unsuccessful applicants. For highly innovative projects, it is often needed to maximise the utilisation of public funds in order to close the business case. The many EU funding sources cover different project activities, different phases in the technology development (TRL levels) and increasingly also the different types of finance (e.g. equity, debt) that are required to fund a project. This offers opportunities to combine EU funding. One option is to use several instruments for the various phases of project development (e.g. research, pilot, demonstration). Another possibility is to cover each activity with a different instrument, for instance by applying for a Project Development Assistance (PDA) grant to cover the project development and applying for a LIFE subsidy (the EU's funding instrument for the environment and climate action) to cover the implementation of the project. Increasingly, EU grants can also be combined with EU debt financing, provided by one of the EU innovative financial instruments. However, there are some limitiations to combining public funding sources (e.g. non-cumulation and state aid regulations). Although it is the primary responsibility of the managing authorities to verify compliance with the regulations, there are several cases where this did not happen correctly, sometimes with the consequence that beneficiaries had to repay (part of) the funding.
Author: Adrian Curaj
Publisher: Springer
ISBN: 3319208772
Category : Education
Languages : en
Pages : 906
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Book Description
Bridging the gap between higher education research and policy making was always a challenge, but the recent calls for more evidence-based policies have opened a window of unprecedented opportunity for researchers to bring more contributions to shaping the future of the European Higher Education Area (EHEA). Encouraged by the success of the 2011 first edition, Romania and Armenia have organised a 2nd edition of the Future of Higher Education – Bologna Process Researchers’ Conference (FOHE-BPRC) in November 2014, with the support of the Italian Presidency of the European Union and as part of the official EHEA agenda. Reuniting over 170 researchers from more than 30 countries, the event was a forum to debate the trends and challenges faced by higher education today and look at the future of European cooperation in higher education. The research volumes offer unique insights regarding the state of affairs of European higher education and research, as well as forward-looking policy proposals. More than 50 articles focus on essential themes in higher education: Internationalization of higher education; Financing and governance; Excellence and the diversification of missions; Teaching, learning and student engagement; Equity and the social dimension of higher education; Education, research and innovation; Quality assurance, The impacts of the Bologna Process on the EHEA and beyond and Evidence-based policies in higher education. "The Bologna process was launched at a time of great optimism about the future of the European project – to which, of course, the reform of higher education across the continent has made a major contribution. Today, for the present, that optimism has faded as economic troubles have accumulated in the Euro-zone, political tensions have been increased on issues such as immigration and armed conflict has broken out in Ukraine. There is clearly a risk that, against this troubled background, the Bologna process itself may falter. There are already signs that it has been downgraded in some countries with evidence of political withdrawal. All the more reason for the voice of higher education researchers to be heard. Since the first conference they have established themselves as powerful stakeholders in the development of the EHEA, who are helping to maintain the momentum of the Bologna process. Their pivotal role has been strengthened by the second Bucharest conference." Peter Scott, Institute of Education, London (General Rapporteur of the FOHE-BPRC first edition)
