European affairs minister upbeat about Prague hosting European Banking Authority
Czech Secretary of State for European Affairs, Tomáš Prouza, said Wednesday that the Czech Republic has a relatively good chance of being chosen as the new location for the European Banking Authority (EBA). Prague has been put forward as a candidate to host the authority and its around 200 personnel when it is forced to quit London following Brexit. A final decision on the site is expected within a year with most other EU countries also in the fray. The EBA is an independent body focussed on ensuring proper and adequate bank supervision.