Regulation

EBA seeks more time in London after Brexit

EU regulator will have to shift some 180 London-based staff to Paris after the UK leaves the bloc

EBA seeks more time in London after Brexit
Photo: iStockPhoto

The European Banking Authority is lobbying EU decision-makers for more time in London after Brexit — a sign of the logistical headaches institutions face relocating staff and their families.

The EBA, one of the European Union's main financial regulatory bodies, will have to shift its roughly 180-based London employees to Paris when the UK officially exits the bloc in March 2019.

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