On Wednesday 19 March, the European Commission presented its strategy for the creation of a ‘Savings and Investment Union’ (SIU). Ten years after launching its Capital Markets Union initiative, the EU institution is adopting a more holistic approach, covering the entire financial sector: not just capital markets, but also the banking sector.
Announced by the President of the European Commission, Ursula von der Leyen, in her policy directions for her second term of office, the project is...