47In so far as concerns banking institutions, the legal basis for the Joint Guidelines is to be found in Article 16(1) of Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (EBA), amending Decision No 716/2009/EC and repealing Commission Decision 2009/78/EC (OJ 2010 L 331, p. 12), in accordance with which the EBA, with a view to establishing consistent, efficient and effective supervisory practices within the European System of Financial Supervision (ESFS), and to ensuring the common, uniform and consistent application of EU law, is to issue guidelines and recommendations addressed to the competent authorities or financial institutions.