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SIU: are we on the right track?

Day 2 Afternoon

Thursday 18 September

Room :

ROOM 1

Speakers

Chair
David Wright
President - EUROFI
Public Authorities
Alexandra Jour-Schroeder
Deputy Director-General - DG for Financial Stability, Financial Services and Capital Markets Union, European Commission
Gerassimos Thomas
Director General - DG Taxation and Customs Union, European Commission
Karen Dortea Abelskov
Deputy Permanent Secretary - Ministry of Industry, Business and Financial Affairs, Denmark
Verena Ross
Chair - European Securities and Markets Authority (ESMA)
Industry Representatives
Ingo Bleier
Chief Corporates and Markets Officer - Erste Group Bank AG
Stéphane Boujnah
Chief Executive Officer and Chairman of the Managing Board - Euronext
Tarek Tranberg
Head of Government Relations, Europe - Optiver

Objectives

This concluding session on the SIU will take stock of the SIU Strategy nine months after its release, focusing on whether it sets the right priorities for developing and integrating EU capital markets and whether its implementation approach is adequate to deliver results. Panellists will assess whether the proposed actions are sufficient to channel savings into productive investments, finance innovation and SMEs, and create wider opportunities for households and firms, and whether the scope of the Strategy is well targeted or requires adjustments, simplification, or additional measures such as stronger support for retail participation, pensions, or digitalisation. The debate will also examine whether the hybrid approach combining EU-level and Member State actions can deliver coherent and consistent progress across the Union. This includes considering the risks of fragmentation, the effectiveness of the proposed monitoring framework, and how sequencing, political commitment, and accountability mechanisms can sustain momentum toward the SIU’s objectives.

Points of discussion

  • SIU Strategy and priorities: are the proposed actions the right ones?
  • Does the SIU Strategy outline the key actions needed to channel savings into productive investments and to develop more integrated EU capital markets?
  • Which measures are likely to have the greatest impact? Are there any major gaps or areas needing adjustment? 
  • SIU implementation: Is the proposed approach adequate?
  • Will the hybrid approach proposed, combining top-down EU level action and bottom-up Member State involvement, enable more effective progress than previous CMU action plans?
  • How can EU level consistency and momentum be maintained with such a hybrid approach?
  • How can the progress on SIU be effectively monitored?