EBA announces move to Paris

European Banking Authority

The European Banking Authority will move from London to Paris, as a result of the UK’s referendum vote to leave the European Union, it announced in a statement issued on November 20.

The decision was taken by the European Council of Ministers, which includes the governments of all EU member states. The announcement ends a period of intense speculation over which EU country would succeed in hosting the EBA.

The agency has approximately 160 employees. It was founded in January 2011, in the wake

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