On Thursday 19 March, the heads of state or government of the countries of the European Union reiterated the need to establish a Savings and Investment Union (SIU) and a fully integrated capital market in order to channel Europeans’ abundant savings into productive investment. In their conclusions, the leaders urge the European Parliament and the Council of the EU to conclude a series of legislative tasks before the end of the year.
The conclusions mention the reform of the securitisation...