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RTS) on. European Banking Authority (EBA) to prepare draft Regulatory Technical Standards (RTS) in this area. • In accordance with the provisions of Regulation (EU) 1093/2010, the Commission has sent the RTS back to EBA. ECON has already held a Scrutiny Session on the consultation paper (see briefing for the 28 November 2016 session) these RTS and the GL , which will be integrated into the GL on PD, LGD estimation and treatment of defaulted assets (EBA/GL/2017/16) 20 November 2017published on (EBA GL on PD and LGD estimation 3), will provide a comprehensive approach to the identification and incorporation of the downturn component into an IRB model. Payment Services Directive (PSD2) 2015/2366. In CP18/25 we consulted on new or amended rules, directions and guidance to implement: • the RTS for strong customer authentication and common and secure open standards of communication (SCA-RTS) and reflecting the EBA Opinion on the
It is an important matter that concerns all companies, regardless of their industry or their size in order to propose something new to consumers. On 23 February 2017, the EBA delivered its draft RTS, which is generating a lot of questions in the industry2. The Commission has added a further exemption from strong customer authentication in relation to EBA´s proposal, covering electronic payment transactions that are performed through dedicated payment processes or protocols typically used by corporates and where

Within a 6-week period, EBA may modify the draft of the technical standards on the basis of the

Deloitte Luxembourg is committed to facilitate and accelerate the achievement of innovative projects.Deloitte Solutions is a regulated entity with a support PSF status, and a reliable partner for your global financial reporting services.Deloitte Digital combines Deloitte’s globally recognized strength in business transformation and technology implementation with the capabilities of a world-class digital agency.Get the latest updates on tax, regulations, laws and directives.Limited functionality availableDiscover at a glance the RegTech universe and what solutions this new technology offers to solve compliance and regulatory issues.Social login not available on Microsoft Edge browser at this time. Innovation is more than just a buzzword used by all. authentication and common open standards of communication submitted by the EBA in accordance with Article 98 (4) PSD2”. 2. We hereby draw your attention to the regulatory requirement defined at European level by the EBA (via the guidelines EBA / RTS / 2016/06 and EBA / GL / 2016/07) and taken up by the CSSF through the Regulation 18/03 on articles 13 and 14, on the new definition of the default of a debtor with the consideration of new materiality thresholds. Strong Customer Authentication and Secure Communication (SCA) submitted by the European Banking Authority (EBA) to the Commission for endorsement under Article 98 of the revised .