

Building Blocks of a Financial Centre
Europe Without Borders – Also for Payment Transactions
A unified eurozone for cashless payment transactions has been a reality since 2008 – only that it is not mandatory and is therefore little used. Now SEPA direct debits and transfers are to become obligatory. This will require investment in new infrastructure and present many opportunities. By Michael Steinbach

Financial Centre Data
CFS Financial Center Index at a stable level
The CFS Financial Center Index dropped by only 0.9 point to 107.5 since the last reporting. This demonstrates that business climate in the German financial sector remains stable in the first quarter of 2012. Both the assessment of the performance in the last quarter, as well as the outlook for the current developments indicate a stable situation in all surveyed enterprises.

Continuing Education
Market knowledge directly from the source
The Capital Markets Academy of Deutsche Börse Group offers you training in key capital markets subjects. With innovative teaching methods and technologies, they give you know-how "from the market, for the market".

The City of the Euro
Headquarters of the European Central Bank, 300 banks, one of the strongest economic areas of Europe, excellent level of training and research… There are many reasons why Frankfurt is one of the leading financial centres of Europe and the world.
Toolbox
News
- Deutsche Börse: Regular Deutsche Börse share again included in the DAX 39 hours ago
- Deutsche Börse: Two new UBS ETFs launched on Xetra 46 hours ago
- Deutsche Börse: Average daily volume of 8.2 million contracts at Eurex Group in January 02/01/2012
- Deutsche Börse: Xetra turnover in January at 99 billion euros 02/01/2012
- Deutsche Börse: European Commission blocks merger between Deutsche Börse and NYSE Euronext 02/01/2012
Knowledge
- ECB: Who needs credit and who gets credit in Eastern Europe?, by Martin Brown, Steven Ongena, Alexander Popov, Pinar Yesin 33 hours ago | reports & analyses
- ECB: Estimating Phillips curves in turbulent times using the ECB's survey of professional forecasters, by Gary Koop, Luca Onorante 33 hours ago | reports & analyses
- ECB: Determinants of credit to households in a life-cycle model, by Michal Rubaszek, Dobromil Serwa 33 hours ago | reports & analyses
- No. 1419: The Euro area sovereign debt crisis: safe haven, credit rating agencies and the spread of the fever from Greece, Ireland and Portugal, by Roberto A. De Santis 02/01/2012 | reports & analyses
- No. 1418: The scapegoat theory of exchange rates: the first tests, by Marcel Fratzscher, Lucio Sarno, Gabriele Zinna 02/01/2012 | reports & analyses

