The Savings and Investment Union (SIU) is presented as a potential solution for boosting EU competitiveness and supporting the green and digital transition. However, its current design may worsen climate change, threaten financial stability, and deepen inequalities.

In our response to the European Commission’s consultation, we highlight key concerns: the lack of strong sustainability incentives could delay the green transition; reviving securitisation risks increasing the vulnerability of the financial sector by facilitating investments in harmful activities and increasing complexity, opacity, and interconnectedness; and the SIU could disproportionately benefit wealthy Europeans, further excluding those with limited financial access and literacy.