Niall Collins (Limerick County, Fianna Fail)
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94. To ask the Minister for Finance the discussions he has held with the European Banking Authority with regard to a possible relocation to Dublin; and if he will make a statement on the matter. [5167/17]

Michael Noonan (Limerick City, Fine Gael)
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Since the Government's public declaration of interest, my officials have been engaging with relevant stakeholders in order to further progress the goal of relocating the European Banking Authority to Ireland post the completion of the negotiations between the EU and the United Kingdom.

These meetings have included a meeting with the European Banking Authority and the European Commission in order to highlight the benefits of relocating the Authority to Ireland.  The meetings have also sought to determine the needs of the European Banking Authority and its staff, when they are moved from London.

The Department's role in promoting Ireland as a location of choice for the EBA is outlined in the current IFS 2020 strategy. As part of this strategy, the Minister of State is meeting with the Executive Director of the European Banking Authority this week.

Finally, I would like to point out that the ultimate decision on relocation of the European Banking Authority will be made by both the European Council and Parliament and will be linked to the triggering of Article 50 by the UK and subsequent negotiations between it and the European Union.