Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 06 JUNE 2020

EIB Pan-European Guarantee Fund

Matheson
Explore more from Matheson

The Board of the European Investment Bank ("EIB") agreed on 26 May 2020 on the structure and business approach of the new €25 billion EGF to combat the economic consequences of the COVID-19 pandemic.

European UnionFinance and Banking
Turlough Galvin
Turlough Galvin
Author LinkedIn connections

Pan-European Guarantee Fund ("EGF")

The Board of the European Investment Bank ("EIB") agreed on 26 May 2020 on the structure and business approach of the new €25 billion EGF to combat the economic consequences of the COVID-19 pandemic. The fund will enable the EIB Group to increase its support for European companies - mostly small and medium-sized companies ("SMEs"). The EGF was endorsed by the European Council on 23 April 2020 as part of the overall EU Covid-19 response package.

The EIB Group, including the European Investment Fund ("EIF"), will work through financial intermediaries in the Member States and in partnership with national promotional institutions. The involvement of the EIB means that businesses in all Member States will benefit from its top-level credit rating.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

CBI Consults On Third-Party Risk

The Central Bank of Ireland has published a consultation paper proposing new guidance on managing third-party risks that extends beyond traditional outsourcing to encompass partnerships, joint ventures, and fintech collaborations. The proposed framework aligns with recent European Banking Authority guidelines and DORA, introducing a lifecycle-based approach with enhanced contractual provisions and broader scope than the 2021 guidance it will replace. Financial entities now face the challenge of identifying
IrelandFinance and Banking
William Fry LLP
William Fry LLP
Article

Final EBA Guidelines On The Sound Management Of Third-party Risk: What Financial Entities Need To Know

The European Banking Authority has published final Guidelines on the sound management of third-party risk regarding non-ICT services, replacing the 2019 Outsourcing Guidelines and introducing a broader regulatory framework. Financial entities will need to navigate expanded scope requirements, enhanced governance standards, and alignment with DORA while managing compliance timelines and contractual obligations.
IrelandFinance and Banking
Arthur Cox
Arthur Cox
Article

Alternative Investment Funds

Ireland offers a sophisticated regulatory framework for Alternative Investment Funds, with structures ranging from ICAVs and Investment Limited Partnerships to Unit Trusts and Common Contractual Funds. The jurisdiction provides flexible options for both retail and institutional investors, with distinct regulatory pathways for RIAIFs, QIAIFs, and ELTIFs, each designed to accommodate different investment strategies and liquidity profiles while maintaining robust investor protections.
IrelandFinance and Banking
K&L Gates
K&L Gates
Article

SFDR 2.0 Trialogue Negotiations: Key Areas Of Focus For Fund Managers

The European Commission's proposed overhaul of the SFDR regime is entering crucial trialogue negotiations, with the Irish Presidency aiming to reach agreement by year-end. While the Council and Parliament have aligned on key issues like professional investor opt-outs, significant divergences remain on exclusion criteria for Transition funds, PAI reporting requirements, and engagement strategy disclosures that will shape the future of sustainable finance regulation.
European UnionFinance and Banking
Dillon Eustace
Dillon Eustace