Brexit pushes EU bank regulator into arms of continental suitors

London

THE European Banking Authority (EBA) gets a new home on Monday, as Brexit forces the regulator and its 180 employees to abandon their high-rise digs in London's Canary Wharf financial district and relocate to the continent.

Eight cities are competing to host the EBA. The prestige of housing the EU's top banking regulator could lend some extra gloss to major euro-area financial hubs such as Frankfurt and Paris as they try to challenge the dominance of London. If the EBA lands in Prague or Warsaw, it could help enhance the influence of countries outside the single currency zone.