Bavaria: center of international finance
Munich Financial Center Initiative (known by its acronym in German of "fpmi") is a leading body of advocacy of Bavaria's financial community. The Initiative has some 50 members. They are financial companies (banks, insurers and others), associations and public sector institutions undertaking scientific research. The Initiative has given itself two briefs. The first is making the importance of Bavaria's financial community known on the national and international level. The second is shaping the conditions under which the financial sector operates in the Germany and European-wide spheres. To accomplish the latter, the Initiative compiles position papers on and appraisals of the issues shaping the discourse of the insurance sector and of other components of the financial industry.