doc downloadUtrechtfebea

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INAISE conference 15-16 May Utrecht
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Agenda

• Febea, a global presentation
• Financial instruments
• The mutual Guarantee Fund
• The Co-operative investment company, SEFEA scarl
• Q A

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Why Febea ?

• To strengthen financial organisations of the
  social economy, the local economy and the
  micro-economy
• Not by representing the sector and creating an
  information platform ( INAISE) BUT by
  creating and offering technical, financial
  instruments ( FEBEA)

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Why Febea ?

• The financial organisations of the social
  economy, the local economy and the
  micro-economy evolve in a context
  characterised by
• general withdrawal of Banks througout Europe
  from the local economy, social sectors,
• gradual loss of the traditional banks of the
  local and mutual economy (such as cooperative
  banks) by de-mutualisation, merger or
  privatisation
• difficulty by the State of finding its place in
  these large market segments neglected by the
  banking sector
• the new Basel accords

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Why Febea ?

• To meet these multiple and neglected needs
• new organisations have emerged throughout Europe
  for the last 15 years
• they practise, successfully, various forms of
  mutual and local banking and of investment
  finance
• credit, micro-credit, venture capital,
  collecting savings of local savers or of people
  who feel concerned about the use made of their
  savings
• these initiatives create employment, promote
  local development, create opportunities for
  excluded people, and seek to preserve a
  sustainable development

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Febea

• FEBEA, an international association under
  Belgian law, is meant to be the most adapted form
  to share these local potentialities while keeping
  this diversity of local, regional and national
  characteristics of all members and other
  structures it wishes to serve. Mutualising while
  strengthening the specific local competencies.

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Objectives

• To set up common mutual financial instruments
  which support existing and newly developing
  financial initiatives.
• a mutual guarantee fund
• a co-operative investment company SEFEA
• Support new financial initiatives in the eastern
  Europe
• they are about to adopt the EU banking
  directives
• that will on the one hand improve security
• it makes it more difficult to set up and dveleop
  new initiatives, especially with coping with
  the minimum capital levels .... thats where
  FEBEA is useful ...

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Objectives

• A weak link in the development of these new
  initiatives is their access to government support
• a series of existing organisations decided
  to unite to reach the critical mass necessary
  to present themselves credibly vis-à-vis
  potential funders and policy makers.

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Members

Banca Popolare Etica (It)
Caisse Solidaire du Nord Pas-de-Calais (Fr)
La NEF (Fr)
Femu Qui (Fr, Cor)
Crédal (B)
FEBEA
Caisse Centrale de Trento (It)
Hefboom (B)
TISE (Pol)
Caisse Centrale du Crédit Coopératif (Fr)
Charity Bank (Uk)
Bank für Sozialwirtschaft (D)