EU picks Paris as brand-new host for European Banking Authority after Brexit

The European Union has picked Paris as the brand-new host for its London-based banking authority after Britain leaves the bloc, in a second drawing of lots in just one evening, following three rounds of voting of which failed to produce a winner.

Paris tied with Dublin within the third vote in addition to the Estonian chairman of the meeting then picked the winner according to a pre-agreed procedure.

Frankfurt, a leading EU financing centre of which is usually home to the European Central Bank, lost out within the race at an earlier stage.

Earlier on Monday, a series of EU votes to pick a brand-new site for the European Medicines Agency, also at This specific point based in London, also ended in a tie before Amsterdam won in drawing of lots.

Leave a Reply

Your email address will not be published. Required fields are marked *


2 − two =