EBA bends under weight of PSD2 mandates

The European Banking Authority is struggling to keep pace with the timetable for the delivery of Regulatory Technical Standards (RTS) for the revised Payments Services Directive (PSD2), after being overwhelmed by the large volume of responses to market consultations.

The regulatory body has been charged with pushing through 11 mandates covering regulatory convergence in retail payments across the EU. The Authority has so far published consultation papers on four of these mandates with a further two in the pipeline for early next year

Sourced through Scoop.it from: www.finextra.com

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