This discussion of the Regulatory Technical Standards (RTS) is the third post in a series explaining the Revised Payment Service Directive (PSD2) and how it will affect banks. For background, read my two previous posts, PSD2: Understanding the new payments regulation in Europe and PSD2: How new European payment regulations could elevate fraud risk. The PSD2 has conferred 11 mandates on the EBA, one of which relates to the development, in close cooperation with the European Central Bank (ECB), of draft Regulatory Technical Standards (RTS) on strong customer authentication and secure and common communications (Article 98 of the PSD2). These draft regulatory technical standards (RTS) and implementing technical standards (ITS) on the electronic central register under the Payment Services Directive (Directive (EU) 2015/2366) (PSD2) respectively set requirements on the development, operation and maintenance of the register and the information to be contained in it.Documents