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Minister Coveney congratulate Paris on being selected as the location for EBA

Brexit, European Union, Tánaiste Simon Coveney, Minister Paschal Donohoe, Press Releases, Europe, Ireland, 2017

Minister Coveney and Minister Donohoe congratulate Paris on being selected as the new location for the European Banking Authority


Earlier today (Monday), at a meeting of the General Affairs Committee in Brussels, Paris was confirmed by Ministers as the new location for the European Banking Authority (EBA).

The decision was taken by a vote of the 27 EU Member States that will remain after the UK leaves the Union. After the third round of voting, Dublin and Paris were tied with 13 votes each. The selection of Paris was made by the drawing of lots.

Minister for Foreign Affairs and Trade, Simon Coveney T.D. said:

“The Irish Government made a very strong offer for the EBA to be located in Dublin. I wish to acknowledge the work carried out across government departments and agencies on our bid, which was well-received around Europe and viewed as strong and very competitive.”


The Minister for Finance and Public Expenditure & Reform, Paschal Donohoe T.D. added:

“I congratulate Paris on being chosen as the new seat of the European Banking Authority. It is important that there is a smooth transition and successful relocation for the Authority, its staff and their families.”


The EBA plays a vital role in the European system of Financial Supervision and it is essential that its work, which helps to protect consumers and contributes to the Union’s financial stability, continues during the transition. The Central Bank of Ireland is an active member of the EBA and will continue to work with the Authority to achieve high quality prudential regulation and supervision across the banking sector.


Minister of State with special responsibility for Financial Services and Insurance, Michael D’Arcy T.D. stated:

“Ireland has a thriving financial services sector, which employs over 90,000 people with most recent annual exports of over €33 billion. The strengths of our bid, in terms of having a strong financial services centre and our ability to maintain the business continuity of the EBA were well-recognised during my engagements with my European colleagues. We will continue to promote Ireland as the destination of choice for international companies seeking to locate within the European Union.”

Press Office
20 November 2017


Notes for Editors:


Ireland’s bid for the European Banking Authority is available at: