EU plans Finanz Revolution: Open capital markets for citizens and companies!

EU plans Finanz Revolution: Open capital markets for citizens and companies!

In a determined step, the EU heads of state and government have formulated a clearly defined goal at their summit in Brussels: the creation of a stronger harmonization of the capital markets within the European Union. This was considered crucial to pump hundreds of billions of euros into the European economy. However, Chancellor Christian Stocker (ÖVP) expressed concerns about a new EU-wide supervisory authority and advocated uniform regulations on the existing framework. "We do not need a new authority, but clear, applicable rules," he emphasized. at OE24 It is pointed out that the idea of ​​the so-called savings and investment union (Siu) is aimed at, To make investments in European financial markets more attractive, but has been pursued without significant progress for years.

progress on the way to the savings and investment union

On Wednesday, the EU Commission presented its agenda for the savings and investment union, which aims to provide the citizens more access to the investment products more powerful and to offer companies better financing options. Maria Luís Albuquerque, EU Commissioner for Financial Services, described SIU as the key initiative for more efficient use of savings assets for productive investments. At Insurance Journal this initiative is emphasized as an answer to the demographic challenges and the need for extensive additional pension solutions. The Commission not only plans to review existing regulations, but also to promote automatic enrollment in company pension schemes.

A central aspect of the SIU strategy is the development of a European concept for savings and investment products for small investors to increase their commitment to the capital markets. In addition, bureaucratic hurdles are to be broken down to facilitate implementation. The EU Commission plans to regularly check the progress in the SIU in the coming years and remains in constant dialogue with the interest groups to realize the goals.