European Union agencies

Meeting: 
MQT on 2017-12-14
Session date: 
December 14, 2017
Reference: 
2017/5237
Question By: 
Fiona Twycross
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

What impact will the relocation of the European Banking Authority to Paris and the European Medicines Agency to Amsterdam have on London?

Answer

Answer for European Union agencies

Answer for European Union agencies

Answered By: 
The Mayor

London is a global financial services hub and one of the greatest cities in the world for scientific research, development and innovation. While it is extremely disappointing that the European Medicines Agency and European Banking Agency will be leaving the capital, there is no doubt that London will remain a hugely important city for life sciences and financial services after Brexit.