Brussels, 1 July 2026 - the European Association of Co-operative Banks (EACB), together with a broad coalition of European financial sector associations, has co-signed a joint statement in the context of the Market Integration and Supervision Package (MISP).
The joint statement highlights the significant opportunity to strengthen the EU’s regulatory and supervisory framework through MISP, with a clear focus on enhancing competitiveness of EU markets.
The trade associations underline that improving how financial services legislation is developed, implemented and supervised is essential to deliver on the ambitions of Savings and Investments Union. Reducing legal uncertainty, ensuring robust cost–benefit analysis, and avoiding unnecessary complexity are key priorities to support innovation and attract global investment to EU capital markets.
In particular, the statement calls for embedding a competitiveness objective within ESMA’s mandate, ensuring that regulatory decisions fully take into account their impact on market attractiveness. It also stresses the need for better sequencing of application dates, ensuring that obligations apply only once technical standards are finalised, alongside stronger as no-action relief powers for ESMA.
The associations also emphasize that supervision should remain efficient and coherent, avoiding duplication and fragmentation, in order to foster deep, liquid and internationally competitive EU financial markets.