At the 'FinNext 2026' financial sector development forum organized by the Bank of Latvia, experts emphasized the advantages that small European Union (EU) countries could reap from a unified capital market. Uldis Cērps, the head of the Financial Sector Association, pointed out that the European Commission's proposal for a savings and investment union is not a new initiative, previously known as the capital markets union. He noted that the strategic position of the EU has changed, and there is a noticeable lag in productivity, which could only be improved by a savings and investment union.

Cērps argued that if more radical union concepts could be realized, allowing for avoiding hasty national regulations, small countries would gain from a more uniform market. He advocated for a unified EU approach on tax matters, especially concerning savings and insolvency regulations, to ensure fair competition and stability within the market. This would create a more conducive environment for investment and help smaller nations participate more effectively in the European economy.

Līga Kļaviņa, Deputy State Secretary for Financial Policy at the Ministry of Finance, acknowledged that the past few years in the EU have led to a consensus that Europe needs to strengthen its economic frameworks. The discussions suggest a shift towards more collaborative financial strategies that could enhance the prospects for growth and economic stability, particularly for smaller member states that often struggle to compete with larger economies. This initiative could be pivotal in the evolution of the financial landscape across the EU, making it more inclusive and robust for all member countries.