Development finance
Savings and Investment Union Academy
Home - Savings and Investment Union Academy
Dates
02/03/2026 - 04/03/2026
Location
Residential
Level
Intermediate, Introductory
Approach
Qualitative
Delivery mode
Residential
The Savings and Investment Union Academy offers a comprehensive, policy-relevant exploration of the European Union’s evolving efforts to deepen financial integration—building on the Capital Markets Union (CMU) and advancing toward a fully fledged Savings and Investment Union. Designed for professionals with expertise in EU financial regulation, market infrastructure, and economic governance, the Academy equips participants with the strategic insights and analytical tools needed to engage in the next phase of Europe’s financial architecture.
The course examines the strategic rationale and policy imperatives driving this transformation, including the mobilisation of long-term savings, investment in innovation and sustainability, and the enhancement of private risk-sharing across the EU. Participants will explore how the Savings and Investment Union aligns with broader EU objectives such as digitalisation, the green transition, and geopolitical resilience.
A central focus is placed on regulatory harmonisation and supervisory convergence, addressing the legal, political, and institutional challenges posed by national fragmentation. The course delves into the politics and political economy of financial integration, analysing Member State preferences, the role of industry stakeholders, and the evolving mandates of EU institutions such as ESMA and the ECB. Through practical activities, participants will engage with current issues including cross-border securitisation and strategies to overcome fragmentation and foster regulatory convergence.
The Academy concludes ahead of the Florence School of Banking and Finance’s Annual Conference, which in 2026 will focus on the future of capital-markets development in Europe, offering participants a unique opportunity to extend their learning and connect with leading voices in the field.
1. Understand the strategic goals of the Savings and Investment Union
Grasp the rationale behind the SIU as a foundational pillar of EU financial integration, including its role in mobilising long-term savings, enhancing private risk-sharing, and supporting the EU’s green, digital, and geopolitical ambitions.
2. Analyse legal, institutional, and market barriers to integration
Identify key obstacles to cross-border capital flows, including divergent national regulations, fragmented supervisory practices, and limited market infrastructure.
3. Evaluate policy instruments and regulatory initiatives under the SIU framework
Examine core EU legislative and regulatory developments—such as ELTIF reforms, sustainable finance frameworks, and insolvency harmonisation—and their implications for public authorities.
4. Assess the role of public authorities in advancing SIU objectives
Clarify the roles and responsibilities of central banks, supervisory bodies, and finance ministries in implementing SIU-related reforms and fostering both retail and institutional market participation.
5. Explore the interplay between SIU and other EU agendas
Understand how the SIU interacts with related initiatives, such as the Banking Union and broader EU policy agendas (digital, sustainable, industrial, and strategic autonomy), and how to align policies across these domains.
6. Develop practical insights on cross-border supervision and rule harmonisation
Gain tools to navigate supervisory cooperation, data interoperability, and legal harmonisation efforts, with a focus on improving investor confidence, reducing fragmentation, and promoting consistent rule application across Member States.
Details about the programme will be available soon.
The Savings and Investment Union Academy is designed for professionals shaping EU financial policy, regulation, and investment. It is especially relevant for officials from EU institutions, national authorities, and international partners, as well as experts from think tanks, academia, finance, fintech, and legal sectors. While open to all, the course is particularly valuable for those advancing capital markets integration, regulatory convergence, and sustainable investment across Europe.
Course Director
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Pierre Schlosser
Deputy Director
Florence School of Banking and Finance
Faculty
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Petra Hielkema
Member of FBF Advisory Council
Chairperson
European Insurance and Occupational Pensions Authority (EIOPA)
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Cristina Iudice
Team Leader - Supervisory Convergence Team
European Securities and Markets Authority (ESMA)
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Michala Marcussen
Chief Economist and Head of Economic and Sector Research
Societe Generale
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Jakub Michalik
Chief Policy Officer and Member of the Executive Committee
Euronext
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Lorenzo Moretti
Research Fellow
Robert Schuman Centre for Advanced Studies
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Valerio Novembre
Research Fellow
Robert Schuman Centre for Advanced Studies
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Maria del Carmen Sandoval Velasco
Project Coordinator (CBBS)
Robert Schuman Centre for Advanced Studies
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Pierre Schlosser
Deputy Director
Florence School of Banking and Finance
Course Coordinator
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Naïs Ralaison
Executive Training Officer
Robert Schuman Centre for Advanced Studies
To apply for the Savings and Investment Union Academy, prospective participants are required to submit a curriculum vitae and a brief cover letter (max 350 words). The cover letter should outline the applicant’s professional background and explain how they believe they can contribute to the SIU Academy’s discussions. We are particularly interested in understanding how the applicant’s experience—whether in policymaking, regulation, academia, finance, or related fields—can enrich the collective learning experience. Applications will be reviewed with a view to fostering a diverse and dynamic cohort, bringing together voices from across institutions, sectors, and geographies.
Details about the costs will be available soon.