On 5 May 2017, the European Banking Authority (EBA) published its draft guidelines on security measures for operational and security risks. These represent a further significant contribution to achieving greater security and innovation in the EU’s integrated retail payments market. The new provisions that have emerged from the revised Payment Services Directive (PSD2) incorporate requirements relating to governance, risk assessment, protection, detection, business continuity, testing of security measures, situational awareness and user relationship management.

Interested parties are kindly requested to submit their comments on the matter to the EBA by 7 August 2017, using the following link.