somes

Relocation of the EBA Seat to Paris

Summary

This regulation moves the European Banking Authority's headquarters from London to Paris due to Brexit and addresses concerns regarding the democratic transparency of the selection process.
10 16.11.2018
Other
economy
european union
public administration
public finance and budget policy

Key points

  • The headquarters of the European Banking Authority is officially relocated from London to Paris, France.
  • The relocation must take effect by March 30, 2019, or on the date the United Kingdom officially leaves the European Union, whichever occurs first.
  • The costs associated with this move will be covered by the European Union's general budget and paid for by EU taxpayers.
  • While agencies may share administrative support services, their core regulatory powers and governance must remain independent.
Documents (PDFs)
REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 1093/2010 as regards the location of the seat of the European Banking Authority Location of the seat of the European Banking Authority ***I
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