The Munich Financial Center Initiative sets priorities. We pick up on current topics from the financial and real economy, prepare position papers, commission expert reports and then pass them on to the decision-makers.
It is essential that European lawmakers take into account the features of the German and European market and take corrective measures when implementing the Basel III finalisation.
The fpmi is calling for a consistent and sustainable reduction in risk. At the same time, given the uneven distribution of bad debt, EDIS would amount to a transfer system that passes on the costs of misguided economic and financial policy in individual member states to the European Community as a whole.
While the fpmi welcomes political efforts to create an even more sustainable finance industry, it notes that the sector is already mobilising private investment for sustainable purposes such as climate and environmental protection or providing financing for infrastructure projects.
"Distorted information, exclusivity obligations and lock-in effects prevent fair competitive opportunities for all market participants and harm consumers. This must be changed," says Prof. Dr. Podszun in his report for fpmi. He proposes measures to maintain competition in the digital platform economy and protect consumers and providers alike.
Tech giants like Amazon, Google, Facebook and others have enormous market power: They are able to gather billions of customer data in a split second. Their market capitalization means they dominate world markets and competition falls by the wayside. Policymakers are therefore called upon to restore a genuine market economy and fair rules of the game at both international and national levels.