Dutch Authority for the Financial Markets board member says the Savings and Investments Union can drive European growth through simplification, harmonisation and modernised supervision

The Dutch Authority for the Financial Markets published a keynote speech by board member Hanzo van Beusekom on the Savings and Investments Union (SIU), delivered at De Nederlandsche Bank (DNB) during a symposium of the Institute for Financial Law. Van Beusekom argued that Europe has a strong foundation but is not moving fast enough, and that the SIU could become a catalyst for change if friction is reduced through simplification, predictability is increased through harmonisation, and markets and supervision are made future-proof through modernisation. He linked greater simplicity, consistency and digital capability to better functioning capital markets, faster corporate growth and more efficient and effective supervision.