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.

Europe’s banking and medical oversight agencies are seen as the first tangible spoils that the remaining EU 27 countries will secure from Brexit.

Dublin is among more than 20 European cities battling to become the new homes to two EU agencies which will leave London because of Brexit.

Almost all EU countries are likely to bid to host the two major regulatory agencies that have to be relocated from London, setting up a potential squabble between the 27 remaining members that have so far shown a united front on Brexit.

The EU wants to avoid Brexit turf wars by extending its oversight of financial services.

Anyone trying to make an online purchase worth as little as €10 could soon have to give much more security information just to have their transaction processed.

The Government has confirmed it will make a pitch for a second EU regulator to relocate its offices and staff from the UK following the Brexit decision by seeking to lure the European Banking Authority (EBA) to Ireland

Former taoiseach John Bruton has warned that Brexit could increase smuggling along the border.

Despite the compelling economic recovery story that has been steadily building over the past couple of years, objective observers of the economy have recognised the health of the banking sector as an ongoing source of concern for Ireland.

An EU-wide stress test suggests that our banks are not in fact on top of their game as they would have us believe.

Spain will compete with countries including Austria to host the European Banking Authority (EBA) as the UK’s decision to depart from the EU forces it to seek a new home.

Ireland is ideally placed to take control of some of the most powerful European agencies currently based in the UK, a number of Irish MEPs have claimed.

It used to be the case that reports on the health of European banks merited front-page headlines. Former regulators such as Matthew Elderfield and Patrick Honohan were household names.

Most US economic commentators will tell you one of the main reasons the US is recovering better than Europe is because the US cleaned up the balance sheets of the US banks.

Some 53 EU banks will undergo a stress test with a difference next year: None of them will fail.

The number of bankers earning €1m a year or more in the EU has started to fall even before the impact of a cap on bonus payments is fully felt, the bloc’s banking watchdog said yesterday.

The European Union’s 7,000 banks must by 2020 hold a new buffer of bonds that can be written down to avoid taxpayer bailouts in a crisis, the bloc’s banking watchdog said yesterday.

Britain’s relations with the EU took another knock yesterday when its legal challenge to a limit on bankers’ bonuses was rejected by an adviser to the bloc’s top court.

The Bank of England’s deputy governor has apparently softened its stance on plans to jail reckless senior bankers after a City backlash.

An EU capital market union should be set up to complement an EU banking union in order to rebalance debt and equity financing across the region, according to the chairman of the European Banking Authority (EBA), Andrea Enria.

The results of Europe’s most comprehensive ever review of its banks’ health will be announced on Sunday, October 26, sources told Reuters.

Irish banks will have to undergo regular stress tests as part of the new European Banking Union, one of the region’s top regulators told a conference in Dublin.

EU banks should factor in potential fines for past misdeeds when they take part in a regulatory assessment of their financial strength, the bloc’s top banking supervisor said yesterday.

Banks in Europe may be allowed to use covered bonds to meet about 60% of their liquidity needs as talks move toward a compromise deal that would help avoid the sell-off the industry has warned against.

Irish banks will have to prove they can withstand another slump in property prices, a surge in unemployment, and sclerotic growth over a three-year period as part of the EU-wide stress tests later this year.

European Union officials are preparing to pit the bloc’s banks against the toughest simulated recession that they have ever faced in a stress test, three people briefed on the matter said.

The tens of billions of euro that eurozone banks set aside for loan losses in their latest annual accounts may have substantially reduced the chance of institutions failing ECB stress tests in the next few months.

ECB vice president Vitor Constancio said the fact that eurozone bank balance sheets will be probed before undergoing a simulated economic downturn later this year makes the test harder to pass.

European Union banks face their toughest probe yet in a bid to weed out the sector’s weaklings, the bloc’s chief watchdog said yesterday, announcing stress tests intended to help draw a line under the financial crisis.

The European Central Bank favours requiring banks to show they can retain capital worth 6% of their assets when it puts them through a simulated recession later this year, said two euro-area officials with knowledge of the matter.

Managing directors at banks in London are expecting a 44% rise in bonuses for 2013 even as European authorities seek to scale back compensation, according to a recruiter’s survey.

People using Bitcoins are on their own when it comes to losses, the EU’s banking watchdog said yesterday in a warning to consumers on the risks of using unregulated online currencies.

Emily O’Reilly has taken on the EU banking sector in her first ruling as EU ombudsman, telling the banks they have failed to stick to the rules.

The largest global banks cut the shortfall in the reserves they will need to meet Basel capital rules by €82.9bn in the second half of 2012, leaving a gap of €115bn.

Banks across the EU will be asked to use a single definition for bad loans in the upcoming review of their loan books, a senior EU regulatory source told Reuters, making it harder for banks to conceal the state of their businesses behind local conventions.

A report by the European Banking Authority shows that 21 bankers in Ireland earned more than €1m in 2011.

A total of 21 people working in the financial services sector, earned over €1m in 2011, according to the latest figures from the European Banking Authority.

Ireland’s banks will besupervised directly from Frankfurt by the ECB from next March following agreement on how the first plank of a banking union would operate and paving the way towards EU direct bank recapitalisation.

The methodology for the next round of bank stress tests scheduled for July still has to be decided, although the outcome will have huge implications for the banks.

Fine Gael TD Peter Matthews estimates there is up to €30bn in losses still lurking in the balance sheets of the Irish banks.

European Union finance ministers reached an agreement early today to create a single supervisor for their banks – one of the most significant transfers of authority from national governments to regional authorities since the creation of the euro.