The European Commission has presented its new strategy for a Savings and Investment Union (SIU). This initiative aims to facilitate access to the capital markets for citizens and open up more financing channels for companies in the EU. Planned innovations also concern supervision and deposit protection. Renate Prinz and Dr. Cornelius Hille have assessed the plans for us.
Key points of the new strategy:
- Access to Capital Markets: Citizens should be encouraged to shift their savings into capital market instruments to achieve better private retirement provision and higher returns.
- Investments and Financing: Key economic and activity sectors such as technological innovation, decarbonization, and security should receive the necessary funds for the future of the EU.
- Support for Companies: Small and medium-sized enterprises should benefit from the SIU by reducing bureaucratic hurdles and making capital markets more efficient.
- Cross-Border Integration: Regulatory and supervisory barriers should be removed to better integrate cross-border actors and create a seamless internal market.
- Equal Treatment: All financial market participants should be treated equally across the union to create a “level playing field” and ensure convergent supervision in all member states.
- Market Fragmentation: The European Commission aims to overcome market fragmentation by harmonizing cross-border trading and post-trading market infrastructures.
- Supervision: A single authority for capital market supervision is not currently planned. Instead, existing instruments for achieving supervisory convergence and coherence should be used more effectively.
You can find the full interview on Finanzbusiness here (german).
