Frankfurt – one of Europe’s leading Financial Centres
Frankfurt is home to the European Central Bank and more than 200 banks, of which 161 are foreign. The Rhine-Main Region is one of Europe’s strongest economic regions and home to top-class higher education and research institutions. There are many reasons why Frankfurt is a top financial centre in Europe and the world.
Centre of European Monetary Policy
As the headquarters of the European Central Bank and the German Federal Bank, Frankfurt is of international importance for monetary and currency policy. Thus, the financial centre forms not only the geographical heart of the European financial sector – here, the financial stability for all of Europe arises. As is the case for foreign banks, this proximity to the Central Bank is a crucial criterion for locating. Moreover, as the headquarters of the “Committee of European Insurance and Occupational Pension Supervisors” (CEIOPS), Frankfurt is also the stability centre of the European insurance industry.
Economic Power and Innovative Strength
The commercial potential for both domestic and foreign participants is based on the high concentration of successful, future-oriented companies from many industries, which make the region of Rhine-Main a thriving economic area. Companies in Frankfurt have access to financial markets through Deutsche Börse Group, which ranks as a global player among the largest stock exchanges in the world. As the leader in technology and innovation, it possesses the most stable, most efficient and most economical clearing and settlement systems in Europe. In Frankfurt, companies profit from a unique, completely integrated and international commercial network.
Frankfurt Rhine-Main “Knowledge Region”
The Frankfurt Rhine-Main “knowledge region” also bears witness to an export hit. The universities of Frankfurt possess an excellent international level of education and research. In the Rhine-Main region, an academic network of finance has developed that is probably the most consolidated in the world. Companies appreciate the large number of well-trained employees. The practice orientation of university education is based on a close and permanent exchange between industry and academia.
Economic and Regulatory Stability
The German financial system is well-known around for the world for its stability, which is also ensured by the cooperation of various supervisory authorities. With the planned new mounting of banking regulation in the German Federal Bank, banking regulation has also now returned to the financial centre. The stability of Frankfurt is also displayed in periods of financial crisis, in which the financial centre has been able to prove relative strength compared to other financial centres. As a direct result of this crisis, a stronger focusing of the banks on their core business – private and corporate customer business – is to be expected. The German banks at the financial centre have been positioned well in this area for all times.