Recital 4

(4)The EBA has not conducted open public consultations on the draft implementing technical standards on which this Regulation is based, nor has it analysed the potential related costs and benefits, as it considered that this would have been highly disproportionate in relation to the very limited scope, small number and low impact of the amendments, taking into account the fact that those amendments only include updates of references to Directive 2014/59/EU, two new items to be reported and minor amendments to remove technical obstacles to the reporting. The EBA has requested the advice of the Banking Stakeholder Group established in accordance with Article 37 of Regulation (EU) No 1093/2010 of the European Parliament and of the Council ⁴ ,