The Latest: Paris picked as future home of EU banking agency


The Latest on the competition between EU countries to host agencies that must be relocated because of Brexit: (all times local):

7:35 p.m.

Paris has been picked to succeed London as host city of the European Banking Authority once Britain leaves the European Union.

Paris beat out Dublin in the final round of voting Monday among the 28 EU nations minus Britain. Frankfurt, in a surprise, failed to be selected as one of the two finalists.

The European Banking Authority monitors the regulation and supervision of Europe’s banking sector. It has a staff of about 180.

Earlier Monday, EU members tapped Amsterdam as the future home the European Medicines Agency. Like the EBA, the medicines agency currently is located in London and will be moved once Brexit is completed.

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6:25 p.m.

Amsterdam has won the competition to be the host city of the European Medicines Agency once it leaves London after Brexit.



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