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HomeAssessing the advantages and disadvantages of entrusting the financial management of the assets of the Common Provisioning Fund to the Commission, the EIB, or a combination of the two
Final report
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This report documents the findings and results of an independent comparative assessment of the advantages and disadvantages of entrusting the financial management of the assets of the Common Provisioning Fund (CPF) to the Commission, the EIB, or a combination of the two. The assessment was carried out by ICF in association with Keypoint Financial who were appointed as by the Directorate-General for Economic and Financial Affairs (DG ECFIN), under Framework Service Contract ECFIN-001-2017. Article 212 of the new Financial Regulation envisages the creation of a Common Provisioning Fund (CPF) “to cover the financial liabilities arising from EU financial instruments, budgetary guarantees or financial assistance” going forward (the CPF is described further in section 2). It also requires an independent external evaluation of the advantages and disadvantages of entrusting the financial management of the assets of the CPF to the Commission, to the EIB, or to a combination of the two institutions, based on a set of technical and institutional criteria as illustrated in Figure 1. The purpose of the study is to fulfil these requirements and thus, support the Commission in selecting the optimal solution for managing the assets of the CPF.
- Published:
- Corporate author(s): Directorate-General for Economic and Financial Affairs (European Commission) , ICF , Keypoint Financial
- Personal author(s): Mathis, Juliette ; Wilkinson, Charu ; Meijer, Peter ; Smailes, Geoff
- Themes: Community finance
- Subject: EU financial instrument , European Commission , European Investment Bank , financial management , financial regulation , fund (EU) , general budget (EU) , implementation of the budget
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| ISSN | ISBN 978-92-76-17579-7 | DOI 10.2765/21274 | Catalogue number KC-02-20-212-EN-N |
- Released on EU publications website:
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