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Paris EUROPLACE welcomes the choice of Paris to host the European Banking Authority

Paris, November 20, 2017 - Paris EUROPLACE is delighted that Paris was chosen by the European Union to host the European Banking Authority (EBA).

Following the vote of the United Kingdom in favour of Brexit, the European authorities decided to relocate the European Banking Authority in the Union.

The choice of Paris among eight candidate cities was determined by several factors, notably the reforms implemented in France since the election of Emmanuel MACRON with regards the flexibility of labour law and tax reductions, the position of Paris, the leading financial centre in the European Union, the resilience of the banking sector in France, the recognised quality of the regulation authorities and of the dialogue between regulators and professionals, a strong concentration of talents in the financial sector, a cutting-edge research and its location at the heart of Europe.