Poland to lure EU's financial institutions - KNF head

Poland wants the European Bank Authority to move its headquarters from London to Warsaw after Brexit will be finalized, Marek Chrzanowski, head of Polish Financial Supervision Authority (KNF) told Puls Biznesu daily. “I've been meeting with representatives of foreign financial groups. I would also like us to put efforts in bringing the European Banking Authority from London,” he said. After the completion of Brexit procedures, many international institutions will seek other locations, in order to remain in the European Union's single market. Poland is often mentioned as possible location for many banks and institutions due operational costs being lower than in most Western European countries.