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The Latest: Paris transfer finalized for EU banking agency

Published
Protestors demonstrate in front of the Houses of Parliament in London, Wednesday, March 6, 2019. Britain's chief law officer said Wednesday that Brexit negotiations with the European Union had got to

LONDON (AP) — The Latest on Britain's exit from the European Union (all times local):

With Brexit still set for March 29, the European Banking Authority has moved from London to Paris, at least on paper.

French European Affairs Minister Nathalie Loiseau and the banking authority's interim chairman, Jo Swyngedouw, signed paperwork on Wednesday to make the transfer official.

Loiseau called it "one of the first concrete consequences of Brexit."

The EBA expects to have its new office in the La Defense business district of Paris fully operating at the beginning of June.

The agency, which has about 180 staff members, monitors the regulation and supervision of Europe's banking sector.

In November 2017, the European Union picked France and the Netherlands to host the two EU agencies that were based in Britain.

The European Medicines Agency closed its London office at the beginning of the March and is moving to Amsterdam.

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11:45 a.m.

The European Union says Brexit discussions with British officials "have been difficult" and that there has been no breakthrough ahead of a key vote in the UK parliament next week.

The latest set of talks between EU negotiator Michel Barnier and his U.K. counterparts started Tuesday are aimed at finding new legal phrasing on how to deal with a border provision between the EU's Ireland and the U.K.'s Northern Ireland.

Prime Minister Theresa May overwhelmingly lost a vote in Parliament on the withdrawal agreement in January largely because many in her own Conservative Party opposed the so-called backstop arrangement that is aimed at ensuring there is no hard border on the island of Ireland.

EU Commission spokesman Margaritis Schinas said "no solution has been identified at this point" and that "while the talks take place in a constructive atmosphere, discussions have been difficult."

Britain is scheduled to leave the EU on March 29. May is hoping to get enough concessions so lawmakers back a revised deal next Tuesday.

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10:20 a.m.

Northern Ireland's top civil servant is warning that a disorderly U.K. exit from the European Union will lead to a sharp increase in unemployment and an exodus of businesses from the region.

David Sterling says "there is currently no mitigation available for the severe consequences of a no-deal outcome."

Britain and the EU have struck a divorce deal, but the U.K. Parliament has rejected it, largely over concerns about the Ireland-Northern Ireland border.

Britain is due to leave the EU on March 29, and businesses fear a "no-deal" exit would severely disrupt trade. It could also destabilize Northern Ireland's peace process, which relies on an open border.

In a letter to Northern Ireland political leaders, Sterling says a "no-deal" Brexit "could well have a profound and long-lasting impact on society."

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Follow AP's full coverage of Brexit at: https://www.apnews.com/Brexit

A protestor demonstrates in front of the Houses of Parliament in London, Wednesday, March 6, 2019. Britain's chief law officer said Wednesday that Brexit negotiations with the European Union had got to
From left, Interim Chairperson of the European Banking Authority, Jo Swyngedouw, French Europe Minister Nathalie Loiseau and French Minister attached to the Economy and Finance, Agnes Pannier Runacher during a signature ceremony officializing the transfer of the European Banking Authority, in Paris, Wednesday, March 6, 2018. Paris has been picked to succeed to London as the host city for the European Banking Authority as Britain is preparing to leave the European Union. (AP Photo/Kamil Zihnioglu)
From left, French Government's Spokesperson Benjamin Griveaux, Interim Chairperson of the European Banking Authority, Jo Swyngedouw, Head of the Ile de France regional council Valerie Pecresse, French Europe Minister Nathalie Loiseau and French Minister attached to the Economy and Finance, Agnes Pannier Runacher during a signature ceremony officializing the transfer of the European Banking Authority, in Paris, Wednesday, March 6, 2018. Paris has been picked to succeed to London as the host city for the European Banking Authority as Britain is preparing to leave the European Union. (AP Photo/Kamil Zihnioglu)
From left, French Minister attached to the Economy and Finance, Agnes Pannier Runacher, French Government's Spokesperson Benjamin Griveaux, French Europe Minister Nathalie Loiseau, Interim Chairperson of the European Banking Authority, Jo Swyngedouw and Head of the Ile de France regional council Valerie Pecresse during a signature ceremony officializing the transfer of the European Banking Authority, in Paris, Wednesday, March 6, 2018. Paris has been picked to succeed to London as the host city for the European Banking Authority as Britain is preparing to leave the European Union. (AP Photo/Kamil Zihnioglu)
Interim Chairperson of the European Banking Authority, Jo Swyngedouw, attends a signature ceremony officializing the transfer of the European Banking Authority, in Paris, Wednesday, March 6, 2018. Paris has been picked to succeed to London as the host city for the European Banking Authority as Britain is preparing to leave the European Union. (AP Photo/Kamil Zihnioglu)
French Europe Minister Nathalie Loiseau looks on during a signature ceremony officializing the transfer of the European Banking Authority, in Paris, Wednesday, March 6, 2018. Paris has been picked to succeed to London as the host city for the European Banking Authority as Britain is preparing to leave the European Union. (AP Photo/Kamil Zihnioglu)
Protestors demonstrate in front of the Houses of Parliament in London, Wednesday, March 6, 2019. Britain's chief law officer said Wednesday that Brexit negotiations with the European Union had got to
From left, Interim Chairperson of the European Banking Authority, Jo Swyngedouw, French Europe Minister Nathalie Loiseau and French Minister attached to the Economy and Finance, Agnes Pannier Runacher, during a signature ceremony officializing the transfer of the European Banking Authority, in Paris, Wednesday, March 6, 2018. Paris has been picked to succeed to London as the host city for the European Banking Authority as Britain is preparing to leave the European Union. (AP Photo/Kamil Zihnioglu)
Protestors demonstrate in front of the Houses of Parliament in London, Wednesday, March 6, 2019. Britain's chief law officer said Wednesday that Brexit negotiations with the European Union had got to
Protestors demonstrate in front of the Houses of Parliament in London, Wednesday, March 6, 2019. Britain's chief law officer said Wednesday that Brexit negotiations with the European Union had got to "the meat of the matter," after Northern Ireland's top civil servant warned that a disorderly U.K. exit could destabilize both the economy and the peace process. (AP Photo/Frank Augstein)
Interim Chairperson of the European Banking Authority, Jo Swyngedouw, attends a signature ceremony officializing the transfer of the European Banking Authority, in Paris, Wednesday, March 6, 2018. Paris has been picked to succeed to London as the host city for the European Banking Authority as Britain is preparing to leave the European Union. (AP Photo/Kamil Zihnioglu)
Interim Chairperson of the European Banking Authority, Jo Swyngedouw, attends a signature ceremony officializing the transfer of the European Banking Authority, in Paris, Wednesday, March 6, 2018. Paris has been picked to succeed to London as the host city for the European Banking Authority as Britain is preparing to leave the European Union. (AP Photo/Kamil Zihnioglu)
From left, Interim Chairperson of the European Banking Authority, Jo Swyngedouw, French Europe Minister Nathalie Loiseau and French Minister attached to the Economy and Finance, Agnes Pannier Runacher during a signature ceremony officializing the transfer of the European Banking Authority, in Paris, Wednesday, March 6, 2018. Paris has been picked to succeed to London as the host city for the European Banking Authority as Britain is preparing to leave the European Union. (AP Photo/Kamil Zihnioglu)
From left, Interim Chairperson of the European Banking Authority, Jo Swyngedouw, French Europe Minister Nathalie Loiseau and French Minister attached to the Economy and Finance, Agnes Pannier Runacher during a signature ceremony officializing the transfer of the European Banking Authority, in Paris, Wednesday, March 6, 2018. Paris has been picked to succeed to London as the host city for the European Banking Authority as Britain is preparing to leave the European Union. (AP Photo/Kamil Zihnioglu)
From left, French Minister attached to the Economy and Finance, Agnes Pannier Runacher, French Government's Spokesperson Benjamin Griveaux, French Europe Minister Nathalie Loiseau, Interim Chairperson of the European Banking Authority, Jo Swyngedouw and Head of the Ile de France regional council Valerie Pecresse during a signature ceremony officializing the transfer of the European Banking Authority, in Paris, Wednesday, March 6, 2018. Paris has been picked to succeed to London as the host city for the European Banking Authority as Britain is preparing to leave the European Union. (AP Photo/Kamil Zihnioglu)
From left, French Minister attached to the Economy and Finance, Agnes Pannier Runacher, French Government's Spokesperson Benjamin Griveaux, French Europe Minister Nathalie Loiseau, Interim Chairperson of the European Banking Authority, Jo Swyngedouw and Head of the Ile de France regional council Valerie Pecresse during a signature ceremony officializing the transfer of the European Banking Authority, in Paris, Wednesday, March 6, 2018. Paris has been picked to succeed to London as the host city for the European Banking Authority as Britain is preparing to leave the European Union. (AP Photo/Kamil Zihnioglu)
A protestor demonstrates in front of the Houses of Parliament in London, Wednesday, March 6, 2019. Britain's chief law officer said Wednesday that Brexit negotiations with the European Union had got to
A protestor demonstrates in front of the Houses of Parliament in London, Wednesday, March 6, 2019. Britain's chief law officer said Wednesday that Brexit negotiations with the European Union had got to "the meat of the matter," after Northern Ireland's top civil servant warned that a disorderly U.K. exit could destabilize both the economy and the peace process. (AP Photo/Frank Augstein)
Protestors demonstrate in front of the Houses of Parliament in London, Wednesday, March 6, 2019. Britain's chief law officer said Wednesday that Brexit negotiations with the European Union had got to
Protestors demonstrate in front of the Houses of Parliament in London, Wednesday, March 6, 2019. Britain's chief law officer said Wednesday that Brexit negotiations with the European Union had got to "the meat of the matter," after Northern Ireland's top civil servant warned that a disorderly U.K. exit could destabilize both the economy and the peace process. (AP Photo/Frank Augstein)
From left, Interim Chairperson of the European Banking Authority, Jo Swyngedouw, French Europe Minister Nathalie Loiseau and French Minister attached to the Economy and Finance, Agnes Pannier Runacher, during a signature ceremony officializing the transfer of the European Banking Authority, in Paris, Wednesday, March 6, 2018. Paris has been picked to succeed to London as the host city for the European Banking Authority as Britain is preparing to leave the European Union. (AP Photo/Kamil Zihnioglu)
From left, Interim Chairperson of the European Banking Authority, Jo Swyngedouw, French Europe Minister Nathalie Loiseau and French Minister attached to the Economy and Finance, Agnes Pannier Runacher, during a signature ceremony officializing the transfer of the European Banking Authority, in Paris, Wednesday, March 6, 2018. Paris has been picked to succeed to London as the host city for the European Banking Authority as Britain is preparing to leave the European Union. (AP Photo/Kamil Zihnioglu)
From left, French Government's Spokesperson Benjamin Griveaux, Interim Chairperson of the European Banking Authority, Jo Swyngedouw, Head of the Ile de France regional council Valerie Pecresse, French Europe Minister Nathalie Loiseau and French Minister attached to the Economy and Finance, Agnes Pannier Runacher during a signature ceremony officializing the transfer of the European Banking Authority, in Paris, Wednesday, March 6, 2018. Paris has been picked to succeed to London as the host city for the European Banking Authority as Britain is preparing to leave the European Union. (AP Photo/Kamil Zihnioglu)
From left, French Government's Spokesperson Benjamin Griveaux, Interim Chairperson of the European Banking Authority, Jo Swyngedouw, Head of the Ile de France regional council Valerie Pecresse, French Europe Minister Nathalie Loiseau and French Minister attached to the Economy and Finance, Agnes Pannier Runacher during a signature ceremony officializing the transfer of the European Banking Authority, in Paris, Wednesday, March 6, 2018. Paris has been picked to succeed to London as the host city for the European Banking Authority as Britain is preparing to leave the European Union. (AP Photo/Kamil Zihnioglu)
French Europe Minister Nathalie Loiseau looks on during a signature ceremony officializing the transfer of the European Banking Authority, in Paris, Wednesday, March 6, 2018. Paris has been picked to succeed to London as the host city for the European Banking Authority as Britain is preparing to leave the European Union. (AP Photo/Kamil Zihnioglu)
French Europe Minister Nathalie Loiseau looks on during a signature ceremony officializing the transfer of the European Banking Authority, in Paris, Wednesday, March 6, 2018. Paris has been picked to succeed to London as the host city for the European Banking Authority as Britain is preparing to leave the European Union. (AP Photo/Kamil Zihnioglu)