Bavaria: center of international finance

Centered in Munich, Bavaria's financial community is one of the most important in Europe. The country-best market capitalization of the companies headquartered in Munich makes the city's stock exchange one of the most important ones in Germany. These companies form the node of a business community whose performance and size are two reasons why Munich regularly tops the rankings of Germany's cities. Two other factors: sustained and sustainable prosperity and growth, and an infrastructure of innovation.

News

fpmi inside: The financial transactions tax – a Pandora's box

How much regulation does the capital market need? The views of Nico Baader, member of the executive board (responsible for capital markets), Baader Bank

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Munich Financial Center Initiative rejects financial transaction tax

Munich Financial Center Initiative (known by its German acronym of “fpmi”) has come out strongly against the plans submitted by the EU Commission on the introduction of a financial transactions tax in eleven EU member states. This position was emphasized in the round of discussions – the 22nd in this series – held on April 15 with Martin Zeil, Bavaria’s Minister of Economic Affairs, Infrastructure, Transport and Technology.

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Requisite: regulation of shadow banking system

Munich Financial Center Initiative (known by its German acronym of “fpmi”) supports the efforts to come up with an appropriate and effective regulation and monitoring of the shadow banking system. The Initiative is thus calling for the promulgation of the corresponding laws on the European and international levels.

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EU Mortgage Directive makes mortgages more expensive

Germany's consumers prize real estate financing providing surety of planning and interest payments. That is why a great predominance of their holdings of real estate is financed by fixed-interest rate loans. This long-term commitment to a rate of interest gives them surety of planning and, accordingly, protection against any increases in rates of interest otherwise taking place during the term of agreement. This, in turn, enables them to assure themselves of benefiting from the low rates interest currently prevailing.

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“A lock on first place”: Munich remains the most attractive major city in Germany

Repeating the past years' performances, Munich placed first in the “level of performance” category in the 2012 rankings
of Germany's 50 most populous cities compiled by the country's INSM Initiative for a New Social Market Economy and by business weekly WirtschaftsWoche.

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Bavarian Financial Summit: support for the Euro, opposition to communitization of bank debt

The focuses of the Sixth Bavarian Financial Summit
were Europe’s debt crisis and how to overcome it, as well as the future of the
Euro. The event was attended by a distinguished set of speakers and
participants. It was preceded by October’s summit of the EU’s heads of state
and government.

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