ppp and ifsl's role - the world bank conference
TRANSCRIPT
Public Private Partnerships in Infrastructure Days
Washington, D.C.
15th - 18th December 2008
International Financial Services, London
Membership
Funded by Members’ subscriptions (140+)
Accountancy firms.Law firms.Asset managers.Consultants.Banks - clearing and investment.Exchanges.Insurers and insurance brokers.Professional & trade associationsShipping services.
IFSL• Independent.• Cross-sectoral. • Representative.---• Not a lobbying organisation. • Avoid duplication of work.• Not a government body.---• A “Key Partner” with FCO, UKTI
and the Corporation of London - with service contracts.
What Does IFSL Do?
• Research: Compiles reports and statistics that raise awareness of importance of London and the UK as an international financial centre.
• Trade: Works towards the opening of financial markets and removal of barriers to trade in services.
• International: Organises events at home and abroad that promote skills and expertise that can be accessed from the UK. PPP is a vital component of this work.
International Promotion
Demand-led, especially PPP.Outward looking.
– Flow of information to members.– Advisory groups of practitioners,
for example the PPP group. – Regional groups, for example
India, China, Middle East, Africa.– Based on UK and international
experience.
Members’ PPP Strengths
– Depth and breadth of experience of all sectors.
– Experience in virtually every country.
– Development and application of tested principles, in unique circumstances, of each sector and country.
– Integrating procurement, legal, technical and financial advice with banking and investment.
IFSL Marketing
– Working collectively to open new markets, using key relationship with UKTI and FCO posts abroad.
– Being a ‘one-stop-shop’ for access to UK financial services expertise.
– Taking part in the proposed new Financial Services Board as a key stakeholder, with the Corporation of London and the Greater London Assembly.
– Promoting PPP as a solution, and IFSL’s unique capacity-building capability: ‘Action Learning’.
Conclusion
• Focused – products and markets.
• Practitioners set the agenda.
• Working between public and private sector.
• Openness to overseas investors.
• Collective promotion of UK-based expertise.
International Financial Services, London (IFSL)
Richard NormingtonSenior Manager, International Group.
www.ifsl.org.ukTel: +44 (0)20 7213 9108Fax: +44 (0)20 7213 9131
UK Mobile: 07 929 000 582Email: [email protected]