How can we mobilize long-term savings to finance European businesses? A G7-labeled event

October 7, 2026 · 8:30 AM – 1:00 PM · Collège de France

The Banque de France, the Directorate General of the Treasury, the Jacques Delors Institute (IJD), the Louis Bachelier Institute (ILB), the Caisse des Dépôts Research Institute, and the European Savings Observatory (OEE) are hosting an exceptional morning session dedicated to a critical issue for the future of the European economy: mobilizing long-term savings to finance businesses.

As an official G7 event, this gathering will bring together economists, researchers, regulators, and policymakers to explore concrete solutions for better channeling household savings toward productive investment.

A Strategic Challenge for Europe

Since the Covid-19 crisis, European households have held historically high levels of savings. However, these savings remain largely invested in liquid, short-term products, while European companies continue to rely primarily on bank debt for financing.

At a time when investment needs are substantial—spanning energy transition, digital transformation, reindustrialization, and economic sovereignty—mobilizing long-term savings is a vital lever for strengthening Europe’s competitiveness.

This morning session will foster a unique dialogue between academic research and institutional expertise to identify the reforms, incentive mechanisms, and financial tools needed to build a genuine Savings and Investment Union.

A G7-Labeled Event

The G7 label highlights the importance of this meeting within international discussions on financing growth and developing European capital markets. It reflects the commitment of the partner institutions to contribute to the strategic debates that will shape the future of investment in Europe.

Program

8:30 AM – 9:00 AM · Welcome Coffee

9:00 AM – 9:15 AM · Introduction

• Agnès Bénassy-Quéré, Deputy Governor of the Banque de France

• Dorothée Rouzet, Chief Economist at the Directorate General of the Treasury

9:15 AM – 9:45 AM · Household savings behavior, allocation, and saver profiles

• Olivier Garnier — Europe suffers not so much from a ‘flight’ of savings as from insufficient allocation to equities

• Grégoire Naacke — Presentation of the OEE index for measuring the performance of household financial savings

9:45 AM – 10:45 AM · Effectiveness of tax incentives and other mechanisms for directing savings toward business financing

• Marie Brière — Does Tax Deductibility Increase Retirement Savings

• Marie-Hélène Broihanne — Digital Influence Strategies in Finance: An Experimental Approach

• Christian Koenig — Current pension system reforms in Germany

10:45 AM – 11:15 AM · Corporate financing needs

• Abel Gonzales-Hishinuma — Founder Factories: The Origins of High-Growth Startups

• Dominique Leblanc & Gérard Rameix — Recent dynamics and transformations in market financing in France and internationally

11:15 AM – 11:30 AM · Coffee break

11:30 AM – 11:45 AM · Presentation of the Jacques Delors Institute working group recommendations on the Savings and Investment Union (SIU)

• Fabrizio Pagani, Jacques Delors Institute

11:45 AM – 12:15 PM · Q&A

12:15 PM – 1:00 PM · Panel discussion

Savings and Investment Union: what levers are needed to scale up?

Moderator

• Marie Brière, Managing Director of the Institut Louis Bachelier, Head of Investor Research at the Amundi Institute, and Chair of the OEE Steering Committee

Speakers

• Sophie Barbier, Head of Europe Division, Caisse des Dépôts

• Delphine d’Amarzit, CEO of Euronext Paris

• Sébastien Raspiller, Secretary General of the AMF

1:00 PM · Closing remarks

• Bertrand Dumont, Director General of the Treasury

Practical information

Date: Wednesday, October 7, 2026

Hours: 8:30 AM – 1:00 PM

Location: Collège de France, 11 place Marcelin-Berthelot, 75005 Paris

Registration: https://evenium.events/epargne-entreprises-europeennes 

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