Where will the next European Banking Authority be located?
As the UK prepares to leave the EU, there are many questions on how the Brexit will take place. Among a number of things is the question on the future of the European Banking Authority (EBA). This article digs deeper into what the EBA is, why EU member nations are fighting for hosting the EBA. We also look at some of the key EU countries where the EBA is most likely to move, if it moves out of the City of London.
The European Banking Authority (EBA) is an independent financial authority for the European Union (EU). The EBA is tasked to contribute to the creation and maintenance of single rulebook in banking in the EU.
Established in 2011, the institution specializes in bringing uniformity among all the banking institutions based on the European Union, going in line with the principle...