José Carlos Sánchez-Vizcaíno, Director of Depository Supervision at Cecabank, has contributed to a FundsPeople article on the European Commission's initiative to encourage retail savings and investment, sharing his views on the most appropriate models for the Spanish setting.
As part of the Savings and Investments Union (SIU), the European Commission has announced its intention to present before the third quarter a savings and investment account model to encourage retail involvement in capital markets. The initiative seeks to channel savings into more productive investments aligned with the EU's economic targets.
José Carlos Sánchez-Vizcaíno pointed out that it is advisable not to stick to the Swedish case and instead include in the analysis some features of models such as the ones in the United Kingdom, France and Germany as a way of encouraging retail investors and shifting savings into more productive investments anchored in a flexible multi-asset approach.
