Friday, May 26, 2017

EU Lists Criteria for Hosting Bank, Drug Agencies After Brexit

The European Union circulated criteria for cities vying to house the bloc’s banking and drugs regulators after Brexit forces them from London, identifying October as the deadline for a decision.
The EU’s remaining 27 members have until July 31 to bid for the European Medicines Agency and European Banking Authority, which police their respective industries and have a combined headcount of 1,000 staff. More than 20 nations say they will apply for the drugs regulator while cities such as Paris and Frankfurt are eyeing the bank monitor.
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