Good morning and thank you all for being here.

Today, we are launching the Savings and Investments Union.

This is a chance to secure Europes financial future. The EU must act to become more competitive and meet upcoming challenges.

Despite resources, Europes economy underperforms. Urgent collective action is needed to meet citizens and businesses expectations.

The strategy of the Savings and Investments Union aims to enhance economic growth and prosperity by developing a single finance market.

My vision for a successful European Union involves:

• More opportunities for households to build wealth and save.
• A faster-growing economy with better jobs and innovation.
• Investment flows to meet European companies needs, focusing on digital, climate, social transitions, and security.

We must act quickly to address inefficiencies, overcoming long-ignored barriers and vested interests.

The SIU requires joint efforts from EU institutions, Member States, and the private sector, prioritizing citizen wealth creation.

Growth is central to the SIU, enhancing Europes economic power and security.

The SIU is a sector agnostic enabler for financing priorities like the Competitiveness Compass and ReArm Europe, aiming to deepen and liquefy the EUs financial market for efficient resource allocation.

Strong political ambition exists for public investment in strategic priorities, but it wont suffice alone. A robust business case is set by recent communications, connecting these priorities with citizens and businesses.

We must improve capital mobilization in Europe. The SIU facilitates a new financing ecosystem.

Our strategy rests on four pillars: Citizens and Savings, Investment and Financing, Integration and Scale, and Efficient Supervision in the Single Market.

Implementation will focus on simplification, burden reduction, and digitalization, relying on robust enforcement.

[SIU Overview]

First, citizens and savings. Currently, few Europeans gain decent returns on savings. Over 10 trillion euros lie in low-yield accounts, missing investment opportunities.

Efficient capital markets are lacking, leading motivated investors abroad, a loss for Europe.

We will simplify and improve EU investment opportunities, proposing a European savings and investments blueprint and financial literacy strategy.

We will enhance supplementary pensions, promoting auto-enrollment and reviewing EU pension frameworks for effectiveness.

Second, investment and financing. EU companies often seek funding outside Europe, a trend the SIU aims to reverse by improving finance access across the Single Market.

We will address barriers for institutional investors, review EU securitization rules, and leverage public funding to attract private investment.

Third, integration and scale. Operational efficiency and market integration are needed. Fragmentation persists despite harmonization efforts.

We will propose legislation to remove cross-border barriers, enabling growth and lowering costs.

Finally, efficient supervision in a Single Market. Harmonized supervision is vital for market stability. Convergence has shown limits, and inefficiencies add investment costs.

The Commission will propose unified supervision measures to strengthen market integrity.

The SIU takes a holistic approach, linking capital and banking markets for a robust financial system.

Strong banks are essential for the SIU, offering financing and risk management.

The Banking Union is key for stability and sector integration, needing reform and a European Deposit Insurance Scheme.

The Commission will report on the banking sectors state in 2026, ensuring a level playing field and stability.

After consulting 27 Member States, the SIU incorporates their perspectives, requiring shared responsibility for delivery.

The Commissions strategy will be actioned with co-legislators support.