Meeting with Maria Luís Albuquerque, European Commissioner for Financial Services and the Savings and Investments Union
As part of her official visit to the Republic of Croatia, Maria Luís Albuquerque, European Commissioner for Financial Services and the Savings and Investments Union, visited the Croatian Financial Services Supervisory Agency (Hanfa) today.
Commissioner Albuquerque is responsible for implementing European Union policies in the field of financial services and the Savings and Investments Union. Her mandate includes strengthening the integration of European financial markets, promoting cross-border capital mobility, and improving conditions for savings and investment for European citizens and businesses.
During the meeting, participants engaged in an open discussion on challenges and priorities regarding the development and supervision of capital markets, insurance, and pension funds, as well as the implementation of current and future initiatives within the framework of the Savings and Investments Union. Special emphasis was placed on further strengthening the resilience and competitiveness of the European financial system, fostering investment, and deepening capital market integration, while respecting the specific characteristics of national markets.
On behalf of Hanfa, the meeting was attended by Board Members and the Heads of supervisory sectors, who presented current activities and priorities in the supervision of the non-banking financial sector, along with experiences gained in implementing the European regulatory framework.
On this occasion, Ante Žigman, President of Hanfa Board, stressed that close cooperation with European institutions and the consistent, timely implementation of joint regulatory initiatives are key to the further development of the domestic capital market and strengthening investor confidence. He also highlighted the importance of the Savings and Investments Union as a framework that can contribute to greater capital mobilisation and stronger citizen involvement in the capital market, while taking into account national specificities and the application of the principle of proportionality in the creation and implementation of the regulatory framework.
Alongside Commissioner Maria Luís Albuquerque, the meeting was attended by Zrinka Ujević, Head of the European Commission Representation in Croatia; Nuno Vaz, Member of the Commissioner’s Cabinet; Edoardo Rulli, representative of the Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA); and Judita Cuculić Župa, Senior Economic Advisor in the Reform and Investments Task Force of the Secretariat-General of the European Commission (SG REFORM).
The meeting confirmed the importance of continuous dialogue between the European Commission and national supervisory authorities in implementing reforms and the further development of a stable, integrated, and competitive European financial system.
