Published by the Luxembourg Bankers’ Association (ABBL) on 14 October 2026, this briefing note examines the ECOFIN Council’s agreement on key elements of the Market Integration and Supervision Package (MISP). It outlines developments concerning ESMA supervision, asset management, depositaries, crypto-asset service providers and market infrastructures, while reaffirming ABBL’s support for proportionate, convergence-first supervision and greater EU capital-market integration.