The Latest: Paris picked as future home of EU banking agency


The Latest: Paris picked as future home of EU banking agency

The Associated Press
FILE- In this July 28, 2017 file photo, are the headquarters building of the European Medicines Agency, EMA, left, in London. Brexit is still well over year away but two cities on Monday, Nov. 20, 2017 will already be celebrating Britain's departure from the European Union. Two major EU agencies currently in London will be given a new home to move to and the two prizes are hotly fought over by most of the other 27 nations. (AP Photo/Frank Augstein, File)

The Latest on the competition between EU countries to host agencies that must be relocated because of Brexit: (all times local):

7:35 p.m.

Paris has been picked to succeed London as host city of the European Banking Authority once Britain leaves the European Union.

Paris beat out Dublin in the final round of voting Monday among the 28 EU nations minus Britain. Frankfurt, in a surprise, failed to be selected as one of the two finalists.

The European Banking Authority monitors the regulation and supervision of Europe's banking sector. It has a staff of about 180.

Earlier Monday, EU members tapped Amsterdam as the future home the European Medicines Agency. Like the EBA, the medicines agency currently is located in London and will be moved once Brexit is completed.


6:25 p.m.

Amsterdam has won the competition to be the host city of the European Medicines Agency once it leaves London after Brexit.

The government of Estonia, which holds the rotating EU presidency, said Monday that Amsterdam beat Milan in the final duel after Copenhagen was beaten in the penultimate round of voting.


5:05 p.m.

Danish representatives to the European Union say Milan, Amsterdam and Copenhagen have made it to the final three in the race to host the European Medicines Agency.

After a first round of balloting the group was whittled down to three finalists Milan and Amsterdam had been for long among the favorites, but the omission of Bratislava was a surprise.

The decision on the host will come later on Monday, as will the designation of the host city for the European Banking Authority.


3:00 p.m.

European Union nations are making their last-moment pitches for who should get to host two key EU agencies that are due to leave Britain in 2019 because of Brexit.

EU ministers headed into several rounds of voting on Monday to decide where to move the London-based European Medicines Agency and the European Banking Authority.

Even though rules were set up to make it a fair decision, the process has turned into a deeply political contest.

Dutch Foreign Minister Halbe Zijlstra said that "in the end it is a very strategic game of chess." He added that beyond bartering, "Every now and then in politics, I hope that content can be decisive."

The EMA is responsible for the evaluation, supervision and monitoring of medicines while the EBA monitors the banking sector.

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