EBA RTS
RegulationsEuropean Banking Authority Regulatory Technical Standards
Definition
The European Banking Authority develops Regulatory Technical Standards which are submitted to the European Commission for endorsement. Regulatory Technical Standards are a set of detailed compliance criteria set for all parties that cover areas such as data security, legal accountability and other processes related to Open Banking.
Related Terms
EBA
European Banking AuthorityThe European Banking Authority is an independent EU Authority which works to ensure effective and co...
PSD2
Payment Services Directive 2The Payment Services Directive 2015/2366, as amended or updated from time to time, including the ass...
SCA
Strong Customer AuthenticationStrong Customer Authentication as defined by EBA Regulatory Technical Standards is an authentication...
Frequently Asked Questions
What is European Banking Authority Regulatory Technical Standards?
The European Banking Authority develops Regulatory Technical Standards which are submitted to the European Commission for endorsement. Regulatory Technical Standards are a set of detailed compliance criteria set for all parties that cover areas such as data security, legal accountability and other processes related to Open Banking.
What does EBA RTS stand for in Open Banking?
EBA RTS stands for European Banking Authority Regulatory Technical Standards. It is a fundamental concept in Open Banking and PSD2 regulations. The European Banking Authority develops Regulatory Technical Standards which are submitted to the European Commission for endorsement. Regulatory Technical Standards are a set of detailed compliance criteria set for all parties that cover areas such as data security, legal accountability and other processes related to Open Banking.
How does EBA RTS affect Open Banking?
European Banking Authority Regulatory Technical Standards is a regulatory framework that shapes how Open Banking operates. It establishes requirements for data sharing, security, and consumer protection that all participants in the ecosystem must follow.
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