Sunday, June 26, 2016

The EU wants to move Banking Authority – Västerbotten Courier

The EU plans to move the European Banking Authority in London since Britain voted to leave the Union, according to EU officials.

Many European capitals would like to take the authority. Paris and Frankfurt are the two largest financial centers on the continent and is well placed to be elected. They hope thus to get a piece of the London financial market.

Several large banking companies also plan to relocate their employees from London.


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