Hungary not interested in attracting European Union institutions from London after Brexit

GettyOnly five EU member states vying for the EMA have actually visited the premises

While the EBA has 159 employees.

The 27 States remaining in the European Union after the departure of the United Kingdom had until Monday at midnight to submit a single application for each agency.

"We will now proceed in assessing all offers in an objective manner", said European Commission spokeswoman Mina Andreeva.

European states have until midnight on Monday to bid for two major United Kingdom -based EU agencies which will be relocated amid Britain's departure from the European Union.

Cities interested in the banking authority include Brussels, Dublin, Frankfurt, Paris, Prague, Luxembourg, Vienna and Warsaw.

Among criteria for selection are a city's infrastructure, transport links, jobs for employees' families, and the need to spread European Union institutions around Europe.

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The EU document says no country can host both agencies and sets out the criteria required to host them.

The Grand Duchy, whose economy is based on financial services and which already hosts the Court of Justice of the EU, the Court of Auditors, the European Investment Bank and the European Stability Mechanism, says it is "the natural choice" for the EBA.

A political discussion in October will precede the private vote in November.

The Irish government has earmarked three potential locations for the EMA headquarters, two in Dublin's docklands financial district and another by the city's airport. While they are allowed to vote for themselves they are also expected to take the commission's assessments into account. The EBA has a staff of about 200 people and its visitors book 9,000 nights of hotel stays annually. Yesterday was the final day for official candidacies to be submitted to the European Council.

Banks are now planning for a worst-case scenario in which they lose access to the European single market once Britain leaves the bloc in 2019, as they say they do not have time to wait to see how Britain's talks with Brussels unfold.

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