Paris Wins Race To House EU Banking Watchdog After Brexit

Law360, New York (November 20, 2017, 1:48 PM EST) -- The European Union decided Monday that Paris would be the new home of the European Banking Authority as the U.K.'s decision to leave the bloc forces the financial services regulator to relocate from its base on London's Canary Wharf.

Paris was one of eight EU cities that made bids to become the new home of the bloc’s banking watchdog after Brexit, ultimately beating out fellow financial services heavyweights Frankfurt and Dublin in voting at the European Council. The trio, along with Luxembourg City, had produced glossy publications, videos and websites to woo the ministers voting on relocation, while cities in Austria,...

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