EIOPA's reply to the European Commission's consultation on the integration of EU capital markets

The European Insurance and Occupational Pensions Authority (EIOPA) published today its response to the European Commission’s consultation on the integration of EU capital markets. In its reply, EIOPA highlights that while the single market is already an operational reality in Europe’s insurance sector, more effective supervision at the EU level, which enhances trust among retail investors and mitigates consumer detriment, is indispensable for the success of the Savings and Investments Union (SIU) initiative.