The financial centre initiative, Frankfurt Main Finance (FMF) was founded ten years ago and is continuously growing in importance. FMF has grown in size too since the Brexit referendum and its impacts on the financial sector; today it has more than 50 highly reputed members. Founded in 2008 as a reaction to the financial crisis and at the instigation of Roland Koch, the prime minister of Hesse at that time, together with Petra Roth, the former lord mayor of Frankfurt, FMF lends the financial sector in Frankfurt city and region a voice that resounds across the world. “The Financial Centre Frankfurt plays an important role in addressing the major challenges posed to the financial sector by the UK’s exit from the European Union,” says Hesse’s prime minister Volker Bouffier. “In these times, it is important for Frankfurt Main Finance to pool the interests of the financial sector in Hesse and in the federal republic and make them heard. This also benefits trade and industry and, consequently, the state of Hesse as a whole.”
Founding of FIRM
The Frankfurt Institute for Risk Management and Regulation, supported by the association Gesellschaft für Risikomanagement und Regulierung e.V., is founded. Mutual representation on the Board of Directors by the respective Chairman has been in place ever since.
Emerging Financial Centres
At the request of the City, the federal state government and the Stock Exchange, Frankfurt Main Finance supports and endorses the initiation and consolidation of international partnerships. Today, the financial centre is associated in partnerships with the cities of Astana, Bahrain, Busan, Istanbul, Moscow, Beijing, Seoul and Shanghai.
Financial Centre Yearbook
In 2009, the first yearbook was published in German and English with the title From Insights to Outloook – Financial Centre Frankfurt.