The expertise possessed by fpmi's members makes our position papers and
other materials sought-after sources of information on the issues of central
importance to the financial sector.
"“Solvency II” and “Basel III” could give rise to substantial risks to the financing of German companies, should the mutually reinforcing effects of these regulatory reforms in the insurance and banking sector not be taken into account.
1. Executive Summary
3. Solvency II and asset allocation in the insurance sector
4. Insurers and corporate financing
5. Reform of bank regulation and alterations in the refinancing of the banking sector
6. Ramifications upon corporate financing
> Read the full release fpmi issues appraisal of Solvency II and Basel III
"The financial industry's central issues are the subject of hot discussion. fpmi has compiled thoughtful and expert positions on them.
Content of the paper:
1. Solvency II
2. Insurance guarantee systems
3. Green Paper on pensions
4. CRD IV / Basel III; cumulative ramifications of regulations currently being enacted
5. The regulation of financial markets: encumbrance for the real economy
6. Revamping of MiFID
7. Regulation of OTC derivatives (draft regulation)
8. Regulation of short selling"
> Read the full release fpmi's position on the occasion of their visit to Brussel on February 2nd, 2011
The German government is considering enacting regulations on the sales of credits by banks. These possible regulations would be partially counterproductive, as they would yield no net benefits to either the issuers or to the recipients of credits. This is the position (in German) taken by the associations of banks participating in the Munich Financial Center Initiative (mfci).
> Read the full release Sales of credits: the position taken by associations of banks
Germany’s government should not use its plans to incorporate the EU’s Markets in Financial Instruments Directive (MiFID) into Germany’s body of legislation as an occasion to enhance the powers enjoyed by Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin – Germany’s Agency for the Supervision of Financial Services) by curtailing the independence of operation accorded to the country’s securities.
> Read the full release Time allocated for implementation of MiFID is too short
The members of Munich Financial Center Initiative (fpmi) are in favor of a corporate tax reform of lasting impact. The reduction in nominal tax rates will however only achieve its goal should it lead to a substantially-large cut in the amount of taxation paid by corporations. This goal could be foiled by an accompanying and comprehensively-large broadening of the base of tax assessment.
> Read the full release Reform of corporate tax code: Good intentions shouldn’t be thwarted
Small and mid-sized enterprises employ approximately 75% of all workers and over 80% of apprentices in Bavaria. In addition, they are responsible for about 65% of the value added by Bavarian companies. The Bavarian state government has developed a four-pronged approach: improving the tax framework, conditions for participant and loan financing, and enhancing the overall economic environment.
> Read the full release fpmi members support small and medium-sized companies