COMMISSION RECOMMENDATION on savings and investment accounts (in support of the savings and investment union)

CALL FOR EVIDENCE Ref. Ares(2025)4631519 - 10/06/2025 FOR AN INITIATIVE (without an impact assessment) This document aims to inform the public and stakeholders about the Commission's work, so they can provide feedback and participate effectively in consultation activities. We ask these groups to provide views on the Commission's understanding of the problem and possible solutions, and to give us any relevant information they may have. TITLE OF THE INITIATIVE Recommendation on Savings and Investment accounts LEAD DG – RESPONSIBLE UNIT DG FISMA – B1 - Capital Markets Union DG TAXUD - D2 - Direct Tax Policy & Cooperation LIKELY TYPE OF INITIATIVE Recommendation INDICATIVE TIMING Q3 2025 ADDITIONAL INFORMATION –This document is for information purposes only. It does not prejudge the final decision of the Commission on whether this initiative will be pursued or on its final content. All elements of the initiative described by this document, including its timing, are subject to change. A. Political context, problem definition and subsidiarity check Political context [max 10 lines] In her Political Guidelines 2024-2029, President von der Leyen announced that the Commission would “propose a European Savings and Investments Union (SIU), including banking and capital markets”. The initiative aims to help leverage the enormous wealth of private savings in Europe to invest in innovation, clean and digital transitions, defence and other key priorities of the...