The FCA has published its response to the European Commission’s Green Paper on retail financial services.  The FCA states that many of the questions and issues raised in the course of the Green Paper may already be addressed (wholly or in part) through the implementation and ‘bedding down’ of various already agreed EU measures. The FCA states that it is therefore important for the Commission to monitor and assess how far implementation addresses issues that have been raised, and what potential gaps and challenges remain. The EU measures that the FCA has in mind primarily are: the Markets in Financial Instruments Directive II / Markets in Financial Instruments Regulation, the Mortgage Credit Directive, the revised Payment Services Directive, the Insurance Distribution Directive, the Payment Accounts Directive, and the Regulation on Packaged Retail and Insurance-based Investment Products.

View Our response to the European Commission Green Paper: Retail Financial Services, 31 March 2016