Insurance Europe has published a position paper on the European Commission’s proposal for a regulation on the European Fund for Strategic Investments (EFSI).

While welcoming the proposal, Insurance Europe highlighted a number of key points which, if included, would help ensure the EFSI achieves its aims.

These included the need for the legislation to require priority to be given to fully private financing of all projects in the pipeline, as a precondition for an assessment of EFSI support.

In addition, Insurance Europe supported the creation of a strategic advisory committee, composed of private sector experts, to provide advice to the steering board and be involved in the selection of suitable projects for the EFSI. The response also outlined the need for assessment of the EFSI by an independent third party.