The European Commission’s consultation on advancing market integration through the Savings and Investment Union (SIU) is a welcome step. The Association of Public Banks (VÖB) supports this initiative.
Our Key Demands:
- Temporary Moratorium: We call for a pause on non-essential regulatory measures to allow for a critical review of existing rules within the SIU framework.
- Regulatory Consistency: Level-1 legislation must be aligned with finalized and practical Level-2 and Level-3 standards to ensure effective implementation.
- Strategic Simplification: Instead of fragmented adjustments, the EU needs a focused and coherent regulatory strategy that reduces complexity.