Currently, one of the most discussed topics is the UK referendum regarding a possible exit from the European Union. On the most recent episode of ARD’s business programme Plusminus, the segment “Goodbye Great Britain? – Where the Germans profit from a Brexit” explored the possible effects of a Brexit for the Financial Centre Frankfurt.
“We do not wish for a Brexit to occur. It would be terrible for Germany, Europe and Great Britain. However, should it come to pass, it would be a clear opportunity for the Financial Centre Frankfurt”, explained Hubertus Väth, Managing Director of Frankfurt Main Finance during the broadcast.
The broadcast continued to illuminate certain criteria which already make the Financial Centre Frankfurt an optimal location. Taking in the imposing tower of the European Central Bank headquarters, it is clear that Frankfurt is not just Germany’s most important Financial Centre, but also one of Europe’s. Several other institutions with their headquarters in Frankfurt, like the European Insurance and Occupational Pensions Authority and the European Systemic Risk Board, also lend to the Mainmetropolis’s clout as a Financial Centre. The financial decisions made in Frankfurt resonate across the continent.
In addition to its institutional prominence, Frankfurt’s superior infrastructure offers a competitive advantage not enjoyed by all other cities. Frankfurt boasts dependable, fully integrated exchange trading systems and is the technological leader in payment transactions. Furthermore, Frankfurt is considered the world’s largest data exchange point, with peak rates of 5.1 Terabytes per second. This is essential for practitioners in the financial sector who require lightning fast and reliable connections for data transfers and transactions.
The Main Metropolis offers additional decisive advantages, like the availability of affordable office space, a deep field of service providers, top academic institutions and one of Europe’s best-connected transportation networks. Short and sweet – Frankfurt is ready to roll.