Paris wins right to host European Banking Authority after Brexit, EU presidency says
- World
- Reuters
- Published Date: 12:00 | 21 November 2017
- Modified Date: 11:22 | 21 November 2017
The European Union has picked Paris as the 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 that failed to produce a winner.
Paris tied with Dublin in the third vote and the Estonian chairman of the meeting then picked the winner according to a pre-agreed procedure.
Frankfurt, a leading EU financing center that is home to the European Central Bank, lost out in the race at an earlier stage.
Earlier on Monday, a series of EU votes to pick a new site for the European Medicines Agency, also now based in London, also ended in a tie before Amsterdam won in drawing of lots.