Tag: EBA

Categories
Brexit Negotiations Costs

Relocation of EMA and EBA

Noticed a press release “Relocation of European Medicines Agency and European Banking Authority: agreement on the legal text” on the text of the regulations for the relocation of the European Medicines Agency (EMA) to Amsterdam, and of the European Banking Authority (EBA) to Paris which are currently based in London.

http://data.consilium.europa.eu/doc/document/ST-15263-2017-INIT/en/pdf

http://data.consilium.europa.eu/doc/document/ST-15264-2017-INIT/en/pdf

These documents contain the following paragraph(s):

For the EMA

4. BUDGETARY IMPLICATIONS

The relocation of the European Medicines Agency will have budgetary implications, in particular in view of the costs related to the early termination of its current rental contract in London as a consequence of the withdrawal, the costs related to the move itself and the costs related to the installation in the new premises in Amsterdam. As set out in the negotiation directives of the Council of 22 May 2017 for the negotiation of an agreement with the United Kingdom setting out the arrangements for its withdrawal from the European Union, the United Kingdom should fully cover the specific costs related to the withdrawal process, such as the relocation of the agencies based in the United Kingdom

and for the EBA

3. BUDGETARY IMPLICATIONS

The relocation of the European Banking Authority will have budgetary implications, in
particular in view of the costs related to the early termination of its current rental contract in
London as a consequence of the withdrawal, the costs related to the move itself and the costs
related to the installation in the new premises in Paris. As set out in the negotiation directives
of the Council of 22 May 2017 for the negotiation of an agreement with the United Kingdom
setting out the arrangements for its withdrawal from the European Union, the United
Kingdom should fully cover the specific costs related to the withdrawal process, such as the
relocation of the agencies based in the United Kingdom.

I cannot find any detail of this demand for payment mentioned anywhere in the Draft Withdrawal Agreement…

Categories
EU EU Institutions

EMA and EBA agencies Relocation

The two agencies currently based in the UK, the European Medicines Agency (EMA) and the European Banking Authority (EBA), are to be relocated in the context of the UK’s withdrawal from the EU.

The European Medicines Agency (EMA) is responsible for the scientific evaluation, supervision and safety monitoring of medicines in the EU. The EMA is essential for the functioning of the single market for medicines in the EU.

The European Banking Authority (EBA) works to ensure effective and consistent prudential regulation and supervision across the European banking sector. Among other tasks, the EBA assesses risks and vulnerabilities in the EU banking sector through regular risk assessment reports and EU-wide stress tests.

EU27 ministers voted on the relocation of the UK-based EU agencies in the margins of the General Affairs Council (Art. 50) meeting on 20 November 2017. The selected location of the EMA is Amsterdam, the Netherlands and the EBA is Paris, France.

Relocation of the UK-based EU agencies

European Medicines Agency to be relocated to Amsterdam, the Netherlands, (press release, 20/11/2017)

European Banking Authority to be relocated to Paris, France, (press release, 20/11/2017)

Categories
Brexit EU Institutions

Transfer of EU agencies from the UK

The EU application procedure for a replacement EU member state to host the 2 UK-based EU agencies after the UK leaves the EU closed at midnight on 31 July 2017.

There has been a lot of interest from EU member states to host these agencies and a lot of effort (and cost?) put into the applications.

The European Banking Authority (EBA) works to ensure effective and consistent prudential regulation and supervision across the European banking sector. Among other tasks, the EBA assesses risks and vulnerabilities in the EU banking sector through regular risk assessment reports and EU-wide stress tests.

Information on the EBA can be found at

http://www.eba.europa.eu

As of 1 August 2017, the cities which applied to host the EBA are:

  • Brussels
  • Dublin
  • Frankfurt
  • Luxembourg
  • Paris
  • Prague
  • Vienna
  • Warsaw

Details of all the offers can be found at

http://www.consilium.europa.eu/en/policies/relocation-uk-based-agencies/eba/

The European Medicines Agency (EMA) is responsible for the scientific evaluation, supervision and safety monitoring of medicines in the EU. The EMA is essential to the functioning of the single market for medicines in the EU.

Information on the EMA can be found at

http://www.ema.europa.eu/ema/

As of 1 August 2017, the cities which applied to host the EMA are:

  • Amsterdam
  • Athens
  • Barcelona
  • Bonn
  • Bratislava
  • Brussels
  • Bucharest
  • Copenhagen
  • Dublin
  • Helsinki
  • Lille
  • Malta
  • Milan
  • Porto
  • Sofia
  • Stockholm
  • Vienna
  • Warsaw
  • Zagreb

Details of all the offers can be found at

http://www.consilium.europa.eu/en/policies/relocation-uk-based-agencies/ema/

Categories
EU Information

EMA and EBA agencies

A European Council meeting, chaired by Donald Tusk, was held on 22 and 23 June 2017 and was attended by leaders of all 28 member countries together with a number of other EU officials.

Full details are available at:

http://www.consilium.europa.eu/en/meetings/european-council/2017/06/22-23/

In relation to Brexit, EU27 leaders endorsed the procedure for the relocation of 2 EU agencies currently located in the UK. These are the European Medicines Agency and the European Banking Authority.

This procedural document suggests the process to be used for these agencies to be relocated and details of the costs and infrastructure associated with the operation of the existing agencies

https://politick.co.uk/wp-content/uploads/2017/06/22-euco-conclusions-agencies-relocation.pdf

The EMA (European Medicines Agency) was created in 1995 with a mission to evaluate and supervise human and veterinary medicinal products on the grounds of safety, efficacy and quality in order to protect human and animal health in the EU.

http://www.ema.europa.eu/ema/

EMA About Us (pdf)

The EBA (European Banking Authority) was established on 1 January 2012 and works to ensure effective and consistent prudential regulation and supervision across the European banking sector. Its overall objectives are to maintain financial stability in the EU and to safeguard the integrity, efficiency and orderly functioning of the banking sector.

http://www.eba.europa.eu

EBA at a Glance (pdf)