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.


fpmi rejects Commission's proposal for an EU savings account

Munich Financial Center Initiative (known by its German acronym of “fpmi”) regards the introduction of an EU savings account as being not conducive to the assurance of the long-term financing of the European economy. Such an account would feature a rate of interest on savings guaranteed by the EU. It would constitute a distortion of competition, and would also cause a transferring of funds to these accounts. This, in turn, would further constrain the ability of private, savings and cooperative banks to provide credit.

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fpmi: alterations needed in planned directive on deposit insurance

It was three years ago that the EC Commission made its initial proposal on the revamping of the deposit insurance directive. This work has been resumed in Brussels. The directive is to formulate specifications for the national-level systems charged with the protection of the deposits consigned by savers to banks in cases of the latter's insolvency. In-depth differences persist among the EU Parliament, EU Commission and Council.

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fpmi inside: “more than guardedly optimistic”

The eleventh “fpmi inside” was held on the premises of the Munich Stock Exchange. At the event, Jürgen Michels, the chief economist at BayernLB, took a look at what’s coming in 2014. As a believer in straight talk, he reported being more than “guardedly optimistic”.  He isn’t, however, closing his eyes to possible perils.

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Low interest rate phase contains considerable risks

Interest rates remain low. Over the short term, this phase has made doing business easier. Over the medium and long term, this phase will give rise to considerable risks. These will be faced by consumers, banks, insurers and the rest of the economy. It is for this reason that Munich Financial Center Initiative (known by its German acronym of “fpmi”) regards the preparation of an exit strategy as being urgently necessary.

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2012: a year of success for Munich – annual economic report of the municipal government

The municipality of Munich has issued the 2013 edition of its annual report on the city's economy. It depicts the many top rankings accorded to Munich in Germany-wide and international comparative and other kinds of studies. Viewed on an overall basis, Munich's economy  sustained its growth in 2012.

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Draft law on shielding banks from risks

Germany's federal cabinet resolved on February 6, 2013, a draft law on the shielding of banks from risks and on the planning of the restructuring and winding up of banks and financial groups.

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