Paris has won a battle to host the European Banking Authority (EBA), which will relocate from London after the UK leaves the European Union. The French capital's victory follows a win earlier for Amsterdam, which will host the London-based European Medicines Agency (EMA).
An estimated twenty European Union countries are expected to submit bids to provide a new home for two agencies that will be relocated from the UK after Brexit. The European Banking Authority (EBA) and European Medicines Agency (EMA), based in Canary Wharf in London, employ just over 1,000 staff between them.
The European Central Bank will consider the impact of future lawsuits and fines in its review of whether the Euro zone's 131 most important lenders have enough capital to withstand another recession.