The EU’s top banking regulator brushed aside protests from the European Commission when it opted for a 15-month delay to enforcing new rules on strong customer authentication (SCA), new records show.
The rules, which are part of the EU’s revised Payment Services Directive (PSD2), took legal force on September 14, but last month the European Banking Authority (EBA) settled a tussle between member states over the length of the enforcement hiatus by mandating a new deadline of December 31, 2020.
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