Welcome to the weekly Financial Services highlights from the Lexis®PSL Financial Services team for the week ending 24 March 2016. This week’s edition of Financial Services highlights includes (1) European Commission is encouraged to further the European Monetary Union project (2) HM Treasury issues recommendations to FPC for financial stability (3) EBA publishes response to the European Commission's Green Paper on Retail Financial Services (4) Mortgage Credit Directive enters into force (5) latest updates from the FCA and PRA including a new Mortgage Credit Directive webpage (6) ESMA publishes responses to Discussion Paper on validation and review of Credit Rating Agencies’ methodologies (7) ESMA writes to European Commission on draft MIFID II RTS (8) European Commission adopt Delegated Regulation which specifies the content of recovery plans under the BRRD (9) latest FCA final notices and redress actions.
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