Britain is fighting to remain the home base for the European Banking Authority after Brexit, in a move that is likely to cause astonishment in European capitals, the FT reports. An EU official told the FT: "The ... EBA ... have to go to a member state. ... There is a broad understanding that it is something that you need to move quickly on." No decision will be made at that point, but European Council President Donald Tusk wants to lay the ground rules for deciding which city should host the major EU agencies - including, of course, the EBA - which is currently based in London's Canary Wharf. The wheels are turning in the US Congress on concrete, but contested, proposals to replace the post GFC Dodd-Frank financial reform law. Representative Jeb Hensarling, who chairs the House Financial Services Committee, unveiled a 600-page bill to loosen financial regulations, Reuters reports. Among the reforms are proposals that could allow banks to dodge many Dodd-Frank rules if they drastically increase the amount of capital they hold. Republicans also plan to continue their push to water down the reach of the Consumer Financial Protection Bureau, an icon of the Obama era.