Since the Middle Ages the Frankfurt region has been an important junction of the European trade routes due to its location in the heart of Europe. Nowadays the former trading city of Frankfurt is a financial center, also affectionately called “Bankfurt”. All big names of the German and international banking sector are represented in the city on the Main river. Besides commercial banks and credit institutions, including Deutsche Bundesbank around 200 domestic as well as foreign banks are located here. Internationality and multilingualism are part of everyday life in the city and the region. After all, one in four residents does not have a German passport.
Money rules the world. Also from Frankfurt.
As Frankfurt is the home of the European Central Bank (ECB), all monetary policy decisions for an economic area which is home to around 330 million people are made in our region. Other key institutions like the European Systemic Risk Board (ESRB), the German Federal Financial Supervisory Authority (BaFin), the Federal Agency for Financial Market Stabilisation (Soffin) and the European Insurance and Occupational Pensions Authority (EIOPA) have also settled alongside the ECB. Moreover, it is the only city worldwide with two central banks (Germany and EU). Many national banks from all over the world base their German or European representatives here and are joined by other organisations such as the Deutsche Börse AG, the German stock exchange. Furthermore, within Germany the Frankfurt region is also at the forefront of the headquarters of globally operating companies: 20 of the 100 largest industrial companies in Germany are based in the greater Frankfurt area.
Perfect conditions: The infrastructure of success.
Due to the high density of companies operating in the financial or insurance sector, diverse service providers are also located in FrankfurtRheinMain. Financial companies in the region therefore profit from a vast selection of international consulting offices and the widespread network of international lawfirms and recruiters specialized in financial services.
The financial enthusiasm of the greater Frankfurt area does not end at the numerous banks and service providers. The many renowned universities are also leaders in the sectors of financial research and education: Goethe University, Frankfurt School of Finance & Management as well as other institutes and business schools in Wiesbaden, Gießen, Aschaffenburg, Vallendar and Darmstadt.
Among other things, the various startups emerging from the universities contribute to the speed of the region’s startup hub grows. One of the greatest areas of expertise lies in fintech and technology. Supported by several startup centres like Tech Quartier or local banks and companies of the Frankfurt region the young fintech companies can fully concentrate on developing their business.
Due to its great connections into the world, by plane, car or train, the greater Frankfurt area is an ideal location for congresses and trade fairs. Against this backdrop, the region offers an excellent selection of event venues and buildings, including the RheinMain CongressCenter in Wiesbaden, Darmstadium in Darmstadt or the 12 varied halls on the Messe Frankfurt trade fair site. All of them are home to international congresses, symposia and other sector events. One of the upcoming events is the Euro Finance Week. Together with the Frankfurt Finance Summit and the Frankfurt International Banking Evening one of the most important events in the financial sector.
This year’s Euro Finance Week (EFW), will take place in Frankfurt from November 12th to 17th, 2018, and is one of the largest meetings of the financial industry in continental Europe. With over 4,000 participants and around 300 international speakers, during this week, the current topics of the financial sector will be presented and discussed. In addition to political-regulatory topics such as banking supervision and regulation, risk management, sustainability issues, digitisation and its comprehensive impact on the industry, as well as various specialist forums and networking events are on the agenda.