EBF highlights Market Integration and Supervision Package as a Decisive Step Toward Delivering the Savings and Investments Union

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EBF highlights Market Integration and Supervision Package as a Decisive Step Toward Delivering the Savings and Investments Union

Brussels, 4 December 2025 –The European Banking Federation (EBF) notes the publication of the Market Integration and Supervision Package, which marks a decisive step toward delivering the objectives of the Savings and Investments Union Strategy (SIU). The EBF has long advocated for deep, competitive, and well-integrated capital markets in the EU. Alongside strong bank financing, scaling up EU capital markets is urgently needed to finance Europe’s innovation, growth, competitiveness, and resilience in the years ahead.

A key priority for building the Savings and Investments Union is the adoption of structural reforms by both the EU and its Member States, who need to embrace a genuine Capital Markets mindset. Increasing retail participation in EU capital markets is essential to ensuring that more European households can benefit from the wealth created by Europe’s companies.

In this context, well-functioning, efficient and integrated capital markets are essential to achieving higher participation. Issuers and investors are best served by a dynamic and innovative infrastructure landscape, where competition and diversity across the trading and post-trading spaces help reduce cost, deepen liquidity and optimise price discovery.

The objectives and ambition of the Market Integration and Supervision Package to further harmonise. simplify and modernise rules, and strengthen supervisory processes represent a positive signal.

In particular, EBF welcomes:

The enhancement of supervisory-convergence tools made available to ESMA, as well as the introduction of a new objective mandate to support innovation. While supervisory reforms alone cannot deliver the SIU, greater harmonisation of supervisory practices can help address cross-border risks proportionately and limit divergences in the implementation of EU legislation across Member States.
The transformation of the Settlement Finality Directive into a Regulation, which is expected to provide clearer and more predictable rules in the event of a capital-market participant’s insolvency.

Finally, the EBF reiterates the importance of ensuring that new rules do not add complexity and excessive burden on participants, issuers and investors.

For more information:

Jacopo Borgognone, Senior Policy Adviser – Financing Growth, j.borgognone@ebf.eu

The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The federation is committed to a thriving European economy that is underpinned by a stable, secure, and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.