The fight for Finanzplatz

At the eleventh hour, German bankers have begun lobbying to save Frankfurt's financial market. But the legislation they want may come too late to make the city a leading financial centre

A SUPPLEMENT TO EUROMONEY – MARCH 1996

The fight for Finanzplatz

At the eleventh hour, German bankers have begun lobbying to save Frankfurt’s financial market. But the legislation they want may come too late to make the city a leading financial centre

With hindsight, the champions of Frankfurt admit they may have waited too long for backing from the Bundesbank. These bankers, brokers and blue-chip corporations repeatedly asked the Bundesbank to help them to correct the shortcomings of Germany’s financial market place, only to be repudiated.

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