NFU Position Paper on Savings and Investment Union

Executive summary

This NFU position paper presents our opinion regarding the upcoming EU legislative
proposal on developing a European Savings and Investment Union (SIU), closely
linked with the Capital Markets Union and the Banking Union. The Commission
Work Programme 2025 is envisioning an omnibus package on investment
simplification for the first quarter of 2025. These initiatives are based on the Draghi
and Letta reports, which advocate for the establishment of the SIU aim at
enhancing financial integration and direct savings towards strategic investments in
critical sectors.

In short, in order to address the lack of a European pool of capital
that European companies can tap into to grow their businesses. At the moment
however approximately 50 % of all European investments flow into the USA
capital market. NFU welcomes the acknowledgment that a more integrated
European capital market can provide the answer to these challenges. At the same
time will this market integration have profound implications for all well-established
national systems very similar as the advent of a single market for goods and
services. These challenges will also affect financial employees, trade unions, and
Nordic labour structures.