”Establishing a “Savings and Investments Union” as a key building block of EU competitiveness — Creating a genuine single market for capital as a key building block of EU competitiveness is a clear political priority — Since the first Action Plan in 2015, building the Capital Markets Union has not made much progress: EU capital markets significantly trail those in the US. Internal barriers for financial services equal tariff of > 100% (IMF estimate) — Key initiatives under the new “Savings and Investments Union” strategy: — Implementation of the Listing Act to simplify access to markets — Review of the securitisation framework, results expected for Q2 2025 — Proposals to facilitate equity investment by institutional investors, by Q4 2025 — Channelling savings into capital markets via pension schemes – yet EU countries remain in the driving seat here — SIU has great potential, yet relies on – unanimous – support from national governments to achieve real progress such as establishing a common supervisory body or a single rulebook.”
Morten W. Langer
