Recital 38

(38)As a body with specialised expertise regarding banking and credit risk matters, the European Supervisory Authority (European Banking Authority) (EBA) established by Regulation (EU) No 1093/2010 of the European Parliament and of the Council ¹² should be entrusted with the development of draft regulatory technical standards to set an appropriate threshold and to specify any appropriate risk management and prudential requirements related thereto. EBA should also cooperate closely with the members of the ESCB and with ESMA. The Commission should be empowered to adopt those regulatory technical standards in accordance with Article 290 of the Treaty on the Functioning of the European Union (TFEU). The competent authorities, which regularly monitor the threshold, should transmit their findings together with the underlying data to ESMA and EBA and their findings to the members of the ESCB, notably in order to feed into a regular report that should be prepared by EBA, in cooperation with the members of the ESCB and with ESMA, on banking-type ancillary services.