Paris Seeks to Host European Banking Authority Post Brexit

The Eiffel Tower stands above the city skyline as the sun sets over skyscrapers in La Defense business district in Paris.

Photographer: Christophe Morin/Bloomberg

Paris is a candidate to host the European Banking Authority once its current home in London is no longer in the European Union, the French government said.

Lyon, Strasbourg and Lille are candidates to be the new home of the European Medicines Agency, cabinet spokesman Stephane Le Foll told reporters Wednesday. The La Defense business district on the Western edge of Paris could provide a home for the EBA, the government said.

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Both Ireland and Sweden are competing to be the provide a new home for the EBA as British Prime Minister Theresa May prepares to formally begin talks to withdraw the U.K. from the EU early next year.

“France is a candidate as I’m sure other are,” Le Foll said.

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