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The European Banking Authority Makes its Move to Paris, But at What Cost?

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Today’s post discusses the recent, and very much expected move of the European Banking Authority from London to Paris. Very much in response to Brexit, the EBA now sits at the junction of a new phase in its development in terms of forming a central component of a new direction for European financial service provision. This post will discuss this move and also assess an interesting and thought-provoking article by Frances Coppola ( @Frances_Coppola ) in a recent issue of Forbes. In November of 2017, Paris and Dublin were tied in the race to be the new home of the European Banking Authority. After the decision of the British electorate to leave the European Union was confirmed, it was deemed essential by the EU that the EBA, and the European Medicines Agency, would both be relocated from London. Whilst the EMA were relocated to Amsterdam, it would be Paris that would emerge victorious in the race to secure the presence of the EBA , in a move that would see the EBA sit in the same ...