In response to concerns raised by the industry, the European Banking Authority (EBA) agreed on Friday 21 June to show some flexibility in its supervision of the implementation of the regulatory technical standards (RTS) on strong customer authentication under the revised Payment Services Directive (PSD2), applicable from 14 September next.
In an opinion, the EBA begins by reiterating that it is legally not able to postpone an application date that is set out in EU law. It also underlines...