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General Assembly Cooperatives Europe Workshop 2 – Influencing policies in Europe

General Assembly Cooperatives Europe Workshop 2 – Influencing policies in Europe. Financing cooperative projects. Juan Sergio Lopez Federcasse – Federazione italiana delle Banche di Credito Cooperativo. Warsaw , 4 April 2014. Main issues.

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General Assembly Cooperatives Europe Workshop 2 – Influencing policies in Europe

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  1. General Assembly Cooperatives Europe Workshop 2 – Influencingpolicies in Europe Financing cooperative projects Juan Sergio Lopez Federcasse – Federazione italiana delle Banche di Credito Cooperativo Warsaw, 4 April 2014
  2. Mainissues Since the beginning of the financialcrisis credit to SMEshasbecome more difficult, in particular in countriesthathaveexperiencedeconomicrecession As of today the credit crunchisadding to the difficulteconomic situation Source: Alleanza delle Cooperative Italiane – Rapporto Congiunturale 1/2014
  3. Mainissues Changes in credit standards for loans to entprs In general the credit tighteningisbecominglessstringent in Europe Butthe process of deleveraging in the banking sectormeansthatbank credit for the real economy maynotreturn to the pastlevels Source: European Central Bank, BankLendingSurvey (January 2014) Stillscarceavailable data on financing of cooperatives
  4. Policies and actions To easethe present and future financingconstraintsitmay be useful to point out possibleareas in whichspecificpolicies can be explored Relations with banks Financinginstruments Competences Riskminimization
  5. Policies and actions Whichare the policies and actionsthatcoops can undertake in order to improvetheir performance in thesefields? Relations with banks: improve the ability of banks to properlyevaluatecoops; Betterknowledge of bank staff butalsobettertools; example of CRESO project: a specificscoring model for social coops
  6. Policies and actions Italy - Credit to cooperatives and non profit (market shares) Whichare the policies and actionsthatcoops can undertake in order to overcometheseissues? Relations with banks: increase relations with coop and localbanks
  7. Policies and actions Financinginstruments: enlarge the range of financialintrumentsavailable to coop; examples: Minibonds Demanddeposit account (CTM consortiumget more than 90% of itsfunding – more than 12 mil € - with thisinstrument; credit line from banks for liquidityrisk) Crowd-funding(more than 500 platforms; estimeted 2.8 bill. raised)
  8. Policies and actions Competences: team up with tradeassociations to getsupport and maximize the success of the project; example www.buonaimpresa.it To bundle credit, guarantees, business support in a single package Particularlysuitable for start ups
  9. Policies and actions Taming the risk: private and public guarantee funds; examples: Central Guarantee Fund for SMEs
  10. Policies and actions Taming the risk: private and public guarantee funds; example Mutualguaranteesystem
  11. THANKS FOR YOUR ATTENTION! Juan Sergio Lopez jlopez@federcasse.bcc.it
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