FIA has responded to the European Commission's request for input on its overall approach to the Savings and Investments Union. The Commission aims to gather views, facts and evidence from consumers and stakeholders on progress made on the Capital Markets Union and identify significant challenges that the SIU should address.
FIA welcomes the opportunity to outline its views on how to support the progress of the European SIU. FIA welcomes the Commission’s initiative in this space as part of its competitiveness objectives, as well as ESMA’s recent announcement on simplifying and reducing the reporting burden in the financial sector. FIA strongly supports these objectives and stands ready to contribute to identifying areas where further simplification and burden reduction can be achieved.
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