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French President Emmanuel Macron welcomed Monday the choice of Paris as the new home of the European Banking Authority (EBA) following Britain’s withdrawal from the EU in March 2019.

Macron tweeted: “Paris will welcome the European Banking Authority! It is recognition of the attractiveness and the European commitment to France. Happy and proud for our country.”

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Paris and Amsterdam on Monday won the fight to host two major EU agencies when they leave London after Brexit, in a suspenseful vote that eventually had to be decided by the drawing of lots.

The European Medicines Agency will relocate to the Dutch city, while the French capital will be the new home of the European Banking Authority.

The two watchdogs, with a total of 1,000 highly skilled jobs between them, are currently based in London’s Canary Wharf district but must leave before Britain quits the EU in March 2019.

But the fate of the some most prized spoils of Britain’s decision to quit the EU had to be decided by a lucky dip after three tense rounds of voting for both agencies failed to produce a clear winner.

Amsterdam won out against the Italian city of Milan while Paris beat the Irish capital Dublin.   Read more