France and Germany in dispute over where EU's top financial regulator should be located after Brexit as infighting begins over institutions that will be moved out of London - financial press (update)
- Officials say France won’t support the relocation of the European Banking Authority (EBA) to Frankfurt from London after the Brexit. France wants the EBA located in Paris in order to secure its status as the new financial center for the EU.
- Officials say that because of the dispute Paris and Frankfurt will likely be taken off the table as hosts for the EBA.
- The EBA will have to vacate its offices in London by March 30, 2019.
- A variety of EU members are also hoping to get the European Medicines Agency when it moves from London post- Brexit.