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ESMA Chair Ross Steps Down, Urges Savings Union

6/29/2026

Summary

Story summary

ESMA Chair Verena Ross will step down in October 2026, urging a Savings and Investments Union to replace Europe’s 27 markets with a capital market.
She said financing relies on bank credit, leaving firms exposed when lending tightens, urging channeling household savings into capital markets.
Ross argued Europeans need information, comparison tools and responsible AI to assess risks, hoping her successor will push the SIU to attract overseas investors.

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Story summary

ESMA Chair Verena Ross will step down in October 2026, urging a Savings and Investments Union to replace Europe’s 27 markets with a capital market.
She said financing relies on bank credit, leaving firms exposed when lending tightens, urging channeling household savings into capital markets.
Ross argued Europeans need information, comparison tools and responsible AI to assess risks, hoping her successor will push the SIU to attract overseas investors.