As part of its strategy for a ‘Savings and Investment Union’ (SIU) (see EUROPE 13603/5), on Tuesday 15 April, the European Commission launched a consultation with financial institutions and users of financial services to gather feedback on the obstacles to the integration of EU capital markets.
The Commission is inviting stakeholders to share their “opinions, data and facts” on barriers to cross-border trade, the rise of investment funds, administrative simplification and the harmonisation of supervisory practices.
“We also need to look at divergences in supervisory practices, which can act as a barrier to capital-market integration and create duplicative costs. We need stronger and more harmonised supervision to ensure the strength, stability and integrity of EU capital markets”, said the European Commissioner for Financial Services, Maria Albuquerque.
Stakeholder feedback, which is being collected until 10 June, will contribute to the development of a set of measures to be presented in a legislative package to implement the SIU in autumn 2025, the EU institution said on Tuesday.
Link to the consultation portal: https://aeur.eu/f/gf7 (Original version in French by Bernard Denuit)