The Department of Finance has confirmed that the Government has submitted a formal application for Ireland to host the European Banking Authority which is due to leave London as a result of the Brexit decision.
Today is the deadline for the receipt of applications from countries who are interested in hosting the authority and the European Medicines Agency.
The EBA, which has 160 employees, is currently based in London's Canary Wharf.
The details of the application will be published by the EU tomorrow.
In a statement, the department said the submitted document outlines how Dublin meets the objective criteria and highlights how a relocation to Dublin would be the least disruptive move for the EBA and its staff.
"Our transport links to Europe, our culture, language and skilled multilingual education workforce make Dublin an attractive destination ahead of other potential locations," Minister of State with special responsibility for Financial Services and Insurance, Michael D'Arcy said.
"The EBA relocation to Dublin would be positive strategically and symbolically; having such a prestigious EU agency here would further raise our profile as global leaders in the financial services sector and demonstrate our position as a destination of choice for international companies seeking a location within the European Union," he added.
Ireland signalled its interest in hosting both bodies last autumn.
A final decision by the EU is likely to be made in November.
