The European Commission has adopted a comprehensive package of measures aimed at removing barriers in the EU single market for financial services and simplifying the EU regulatory and supervisory framework, as a central element of its savings and investments union strategy. The package is intended to support a more integrated, efficient and competitive financial system, giving citizens more options to grow their wealth and improving businesses’ access to funding. The Commission frames the initiative as a response to persistent fragmentation and limited scale in EU financial markets, citing stock exchange market capitalisation of 73% of EU GDP in 2024 versus 270% in the United States, and highlighting that divergent requirements and practices across Member States continue to hinder cross-border operations. The package includes a communication and legislative proposals for a regulation and a directive on the further development of capital market integration and supervision within the Union, alongside a proposal for a Settlement Finality Regulation, supported by an impact assessment and studies on scaling up funds investing in innovative and growth companies and on consolidation and reducing fragmentation in trading and post-trading infrastructures.
European Commission 2025-12-04
European Commission adopts Savings and Investments Union package to remove barriers and deepen EU capital market integration and supervision
The European Commission has adopted measures to simplify the regulatory framework in the EU single market for financial services, part of its savings and investments union strategy. This initiative addresses market fragmentation, with legislative proposals for capital market integration and a Settlement Finality Regulation. The package is supported by impact assessments and studies on scaling up funds and reducing trading infrastructure fragmentation.