Download schedule

Past Event

Crowdfunding: beyond the hype

The concept of “crowdfunding” (using online platforms to enable large numbers of people to invest small amounts in new ventures) has increasing drawn attention, most recently for its possible role in providing equity funding to start-ups. While there is a growing hype about crowdfunding, there are also many misperceptions. Crowdfunding initially started for philanthropic projects […]

Date: May 16 - Topic: Banking and capital markets

The concept of “crowdfunding” (using online platforms to enable large numbers of people to invest small amounts in new ventures) has increasing drawn attention, most recently for its possible role in providing equity funding to start-ups. While there is a growing hype about crowdfunding, there are also many misperceptions. Crowdfunding initially started for philanthropic projects (in the form of donations) and then spread to consumer products (in the form of pre-funding orders) and lending. However, equity crowdfunding is relatively new.

According to industry estimates, crowdfunding almost doubled from USD 1.5 billion in 2011 to USD 2.7 billion and rose to an estimated USD 5.1bn in 2013. However, the majority of that funding is currently for donations, products or lending, not yet for equity. Proponents say that equity crowd funding will allow businesses to raise capital faster and more efficiently. However, this would require changes in securities laws, specifically those related to issuing securities. Equity crowdfunding will essentially allow unsophisticated investors to invest directly in young risky companies with the expectation of a financial return.

While there are many opportunities for the various types of crowdfunding to provide new and much needed sources of finance, there are also a number of challenges and potential pitfalls, particularly for equity crowdfunding.

In this session, we will hear from academics and policy makers as well as players involved in the crowdfunding market to better understand the current trends and possible responses for policy makers.

Speakers

  • Guillaume Desclée, MyMicroInvest, Belgium
  • Maria Teresa Fabregas Fernandez, Head of Unit, Securities Markets, DG Internal Market and Services, European Commission
  • Armin Schwienbacher, University of Lille 2 & SKEMA Business School, France
  • Chair: Karen Wilson, Senior Fellow, Bruegel

Event materials

Event summary Download

Practical details

  • Venue: Bruegel, Rue de la Charité 33, 1210 Brussels
  • Time: Friday 16 May 2014, 8.15-10.00 (Breakfast will be served at 8.15 after which the event begins at 8.30)
  • Contact: Matilda Sevón, Events Manager – matilda.sevon[at]bruegel.org

Schedule

Read article
 

External Publication

European Parliament

Don't let up - The EU needs to maintain high standards for its banking sector as the European economy emerges from the COVID-19 pandemic

In-depth analysis prepared for the European Parliament's Committee on Economic and Monetary Affairs (ECON).

By: Rebecca Christie and Monika Grzegorczyk Topic: Banking and capital markets, European Parliament Date: October 21, 2021
Read article More on this topic More by this author
 

Blog Post

Better sustainability data is still needed to accelerate the low-carbon transition in capital markets

Investors need more trustworthy sustainability data. Regulators should leave space for better products to emerge, while remaining alert to well-known patterns of misconduct in capital markets.

By: Alexander Lehmann Topic: Banking and capital markets Date: October 18, 2021
Read article
 

External Publication

European Parliament

Tailoring prudential policy to bank size: the application of proportionality in the US and euro area

In-depth analysis prepared for the European Parliament's Committee on Economic and Monetary Affairs (ECON).

By: Alexander Lehmann and Nicolas Véron Topic: Banking and capital markets, European Parliament, Macroeconomic policy Date: October 14, 2021
Read about event More on this topic
 

Past Event

Past Event

What is the link between biodiversity loss and financial instability?

Biodiversity loss impacts financial stability. How big is the risk of biodiversity loss for financial institutions?

Speakers: Sylvie Goulard, Romain Svartzman, Guntram B. Wolff and Michael Wilkins Topic: Banking and capital markets Date: October 5, 2021
Read article More on this topic More by this author
 

External Publication

Brexit and European finance: Prolonged limbo

It will take longer than many had anticipated for the dust to settle on the post-Brexit financial landscape and its respective implications for the EU and the UK.

By: Nicolas Véron Topic: Banking and capital markets Date: September 24, 2021
Read about event More on this topic
 

Past Event

Past Event

Setting up the EU as a new benchmark borrower

At this closed-door event Siegfried Ruhl, Counselor to the Director-General for Budget at the European Commission will discuss the EU's borrowing program.

Speakers: Rebecca Christie and Siegfried Ruhl Topic: Banking and capital markets Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: September 16, 2021
Read article More on this topic More by this author
 

Opinion

El Salvador’s great crypto experiment

Can bitcoin surpass the dollar in popularity and make El Salvador the first state to operate entirely with a private currency?

By: Maria Demertzis Topic: Banking and capital markets Date: September 14, 2021
Read about event
 

Past Event

Past Event

Sustainable finance

Bruegel Annual Meetings, Day 3 - In this session on the final day of the Meetings, our panelists will discuss the future of finance and its sustainability.

Speakers: Maria Demertzis, Alberto De Paoli, Pierre Heilbronn and Alexandra Jour-Schroeder Topic: Banking and capital markets, Green economy Location: Palais des Académies, Rue Ducale 1, Brussels Date: September 3, 2021
Read about event More on this topic
 

Past Event

Past Event

Monetary and macroeconomic policies at the crossroads

Bruegel Annual Meetings, Day 2- In this session we would like to discuss monetary and macroeconomic policies after Covid-19.

Speakers: Grégory Claeys, Per Callesen, Gita Gopinath, Jorge Sicilia Serrano and Lawrence H. Summers Topic: Banking and capital markets Location: PALAIS DES ACADEMIES, RUE DUCALE 1 Date: September 2, 2021
Read about event
 

Past Event

Past Event

European banks: under global competitive pressure?

Bruegel Annual Meetings, Day 2 - European banks have lost stature and remain generally low-profitability, low-valuation in comparison to their global peers. Is that a problem? If so, what can EU policymakers do to address it?

Speakers: José Antonio Álvarez Álvarez, Mairead McGuinness and Nicolas Véron Topic: Banking and capital markets, Macroeconomic policy Location: Palais des Academies, Rue Ducale 1 Date: September 2, 2021
Read article More by this author
 

Podcast

Podcast

Environmental, societal and governance criteria: hit or miss?

Is sustainable investing contributing to society’s climate and social goals, or preventing systemic change?

By: The Sound of Economics Topic: Banking and capital markets, Green economy Date: August 26, 2021
Read article More on this topic More by this author
 

Opinion

Small investors punch above their weight when it comes to improving corporate governance

Far from being irresponsible know-nothings, retail investors provide a vital counterpoint to institutional investors.

By: Rebecca Christie Topic: Banking and capital markets Date: August 25, 2021
Load more posts