FRANKFURT, March 14 Dublin is Bank of America's
default option for a new base within the European Union
once Britain leaves the bloc, but other centres are on the table
and no decision has yet been made, an executive said in Germany
"Dublin is a an emergency, default option that we have,"
Nikolaus Naerger said at an event in Frankfurt.
Dublin, Frankfurt, Paris and Luxembourg are among centres
touting themselves as alternative bases for companies wishing to
retain access to the EU after Brexit.
A major issue for banks is "passporting", which allows for
financial firms to serve the EU from a single base, cutting
costs and red tape.
"We are playing through all the scenarios. Nothing has been
decided. Dublin is an option, just as Frankfurt or Amsterdam,"
(Reporting by Hans Seidenstuecker; Writing by Victoria Bryan;
editing by Susan Thomas)