The European Banking Authority (EBA) published today an Opinion responding to the European Commission's (EC) intention to amend the EBA's draft Regulatory Technical Standards (RTS) on strong customer authentication and common and secure communication. In its Opinion, while agreeing with the aims sought in the EC's amendments, the EBA voices its disagreement with three of the four concrete amendments the Commission proposes on the basis that it would negatively impact the fine trade-off and balances previously found in the RTS.

Click here to access the full press release.