Equity-based Crowdfunding: Economic and regulatory challenges ahead
28 septembre 2015
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In 2014, the European online alternative finance
market rose to 3 billion € (+145% average growth rate since 2012)
with an estimate of 1/3 for SMEs and entrepreneurs (peer-to-peer
business lending, equity based crowdfunding, invoice trading, debt
based securities) - the rest being roughly split between
peer-to-peer lending and donation-based crowdfunding.
Equity crowdfunding represented circa 200-300 M€ in
2014, providing funding in the equity gap...
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Program
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Program
Présentation
Over 300 platforms have appeared in Europe, with
different business models. To enable SMEs to access the fundings
they need, to protect appropriately investors (retail and more
recently institutional ones) and ensure an effective level playing
field in Europe, European and national regulators and supervisors
must apprehend risks induced by on-line distribution channels and
by the specificities of diverse alternative funding schemes (250+
platforms in Europe / 50+ in France).
As far as Equity crowdfunding is concerned, different
issues need to be addressed to ensure efficient funding of SMEs and
investor protection: regulatory frame (MIFID/CRR), information
disclosure, secondary market, etc.
OBJECTIVES
- Report on progress in creating a unified European Framework
- Identify Regulatory concerns and challenges
- Update on the development of the European Crowdfunding Market
- Strategic and business challenges ahead for platforms
- Complementarity with players in the SME financing chain
AUDIENCE
- Crowdfunding platforms and financial intermediaries for SMEs
- Banks (retail / SME business centers)
- Business angels, Capital risk and investment funds
- Private banking and financial investment advisers
- SMEs ecosystem (Incubators, Policy makers, Economic development)
- Regulators, SME policy makers & stakeholders
SPEAKERS
Barbara GABOR, Policy Officer, European
Commission
Anne CHONE,Senior Risk Analysis Officer, Financial Innovation, ESMA
François-Régis BENOIS, Directeur de la division de la régulation des sociétés cotées, AMF
Laetitia de PELLEGARS, Avocat, FranklinAnne CHONE,Senior Risk Analysis Officer, Financial Innovation, ESMA
François-Régis BENOIS, Directeur de la division de la régulation des sociétés cotées, AMF
Korstiaan ZANDVLIET, Chief Executive officer and chairman of the Board, Symbid
Paul MASSEY, General Counsel, Crowdcube
Paul PÖLTNER, Chairman of the Austrian
Crowdinvesting Committee, Conda
Olivier de DUVE, CEO, MyMicroinvest
Stéphane LUBIARZ, CEO et fondateur, EOSventure
Olivier de DUVE, CEO, MyMicroinvest
Stéphane LUBIARZ, CEO et fondateur, EOSventure
Benoist GROSSMANN, Managing
Partner, Idinvest Partners
Jérôme BAREL, Development Manager, EuroQuity, BPI France
Contribution : 400€
Jérôme BAREL, Development Manager, EuroQuity, BPI France
Contribution : 400€