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Economics

Luxembourg faces seven rivals to host EBA after Brexit

European Commission to provide assessment of bids by September and make final decision by November.

01.08.2017

Luxembourg faces seven competitors to be home to the European Banking Authority (EBA) when it leaves its London headquarters after the UK exits the European Union (EU), expected in March 2019.

The other cities seeking to host Europe's banking regulator are Brussels, Dublin, Frankfurt, Paris, Prague, Vienna and Warsaw, according to the European Council, which defines the EU's overall political direction and priorities.

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