The Savings and Investments Union (SIU) is an opportunity to improve the efficiency of European market infrastructure and ensure it is fit for the next evolution of capital markets.
The Savings and Investments Union
Euroclear’s action plan to deliver a true single market for post-trade activities
- Provide seamless connectivity across the single market
Investors in European securities should be able to have a one-stop solution for EU market access across all asset classes.
- Support the EU’s diverse ecosystems
Local infrastructures will continue to play a vital role in supporting issuers and investors in Member States, catering to their local needs.
- Enable healthy market competition
Market participants should be able to select the most competitive services without undue restrictions.
- Promote financial stability and EU strategic autonomy
Strong infrastructures with European and global scale are needed to support liquidity, deep collateral pool access, risk management, the EU’s international strength and the euro as a reserve currency.
- Foster innovation and technology adoption
This includes scaling digital assets in a safe and integrated manner and supporting partnerships between infrastructures and central banks, as well as leveraging cloud technologies and AI to optimise infrastructures and market processes.
"Today, we are committed to making Euroclear the single entry point for all asset classes including funds, fixed income and equities across the 27 member states."
Valérie Urbain, CEO, Euroclear
The key to reaching these objectives lies in fostering an open and interconnected European architecture.
It is only through openness, fair competition and the facilitation of scale and synergies that Europe can optimise its post-trading infrastructure to support the SIU.
Euroclear embraces its responsibility to be a driving force of EU integration, as Europe’s largest CSD group and leading global infrastructure - holding over 50% of all securities issued in the EU, representing over 60% of EU settlement turnover and covering 98% of EU equity market cap through its links network.
Post-trade integration can be effectively advanced through infrastructure hubs where pan-European CSDs provide connectivity across CSDs in the EU (acting as investor CSDs).
This model has a track record in enabling efficiencies and EU-wide scale while supporting competition – for example in the fixed income markets, where pan-European CSDs generate strong network effects and provide a crucial link between issuers in member states and investors across Europe and internationally.
"A single entry point for all investors, across all asset classes, across all 27 member states by the end of 2026 is a key commitment, and fundamental to Euroclear's strategy"
Sebastien Danloy, CBO, Euroclear
