EU banking authority decided by lot after voting tied

The European Banking Authority (EBA) will not relocate to Dublin after it leaves the UK, after the Irish capital was pipped at the post by Paris in dramatic fashion.

The European Banking Authority (EBA) will not relocate to Dublin after it leaves the UK, after the Irish capital was pipped at the post by Paris in dramatic fashion, writes Pádraig Hoare.

Following a vote among member states in Brussels, Paris triumphed over Dublin only through its name being pulled out of a bowl, after the two cities finished tied in the voting.