Brexit Frankfurt Survey 01. Inthe period since Brexit, so manymedia have been interested in Frankfurt. This givesusthe chance to presentrepeatedly the advantages ofFrankfurt and also the entire Frankfurt-Rhine- v portant national economies in Europe and the proximity tothe European Central Bank will motivate banks and other financial service providers to move at least partsoftheir business from London to Frankfurt. 03. At the moment the United Kingdom is still afull EU member,and even afterArticle 50 of theLisbon Treaty has been triggered itwill still take several years until this process is completed. That does not mean however that will notbeany negative effects on theeconomyinthe meantime. 04. In the negotiations, the most important thing will be to find the right balance. Onone hand, the European Union cannot make too many concessions to the British. Onthe other hand, the friendly relationship between continental Europe and the United Kingdom must notbefurther impaired. 05. Toquote Max Frisch: “Crisis is aproductive state. One must only accept its flavour of catastrophe.” Admittedly,the vote came at averybad time, when the refugee crisis, in particular, was throwing the differences between the member states into sharp relief. Because of this, the things we have in common and the European idea have been pushed into thebackground, whichIvery muchregret. Despitethis, Idonot see arisk of failure. Oliver Naegele, CEOof Fintech-Headquarter 01. We are expecting new members and increased contacting of our FinTech HeadquarterbyFintechs from theUK. Almost all FinTechs need market access to the EUfor their products or services and the current uncertainty is further exacerbated bythe large proportion of VC. Wewill try togive all of them aquick connect to thecommunityhere. 02. Thatdepends very muchonthe skill of theplayers involved. Frankfurtholds all the aces and should attract Fintechs actively with business development assistance and be quicker to »Itdepends on the skills. Frankfurt holds allthe aces and should attract Fintechsactively withbusiness developmentassistance.« OLIVER NAEGELE, FINTECH-HEADQUARTER supportthe Fintech ecosystem. Each successful start-up draws somuch economicpower into thecitythatthe expense is worthit. 03. The uncertainty about the arrangement ofthe Brexit is already making several players represented atboth locations emerge as losers. Due to the interconnections of capital, supposed winners aresuddenly also finding themselves among thelosers. The financial centreofFrankfurt, as such, has opportunities. 04. Reliable statements and certainty for investments and decisions have top priority. Misplaced gloating or mockery must also be absolutely refrained from and the British should be grantedanoptionfor returning. 05. The trend towards nationalism and demagogy isobvious. The people in charge should presentashared future moreeffectively using positive examples and return to cooperation and solidarity. Anew startwould be nonsensical; it would increase therisk of further erosion. Peter Feldmann,Lord Mayor Main region forcompanies. 02. Depending on how the negotiations withthe EU go, it could have stronger or weaker effects. At present, where the Brits have not yet even invoked Chapter 50, it makes little sense to speculate over whoorhow manywill move into ourregion. 03. In times of globalisation, we are dependent onbeing noticeable and offering companies arelevant market.If theinternal marketbecomes smaller and trade barriers are set up, that definitely also entails alot of risks for ourcompanies here. 04. On the one hand, Great Britain will seek and find its new place in the globaleconomy. Therefore, we should ensure that wedonot alienate our long-term English partners. On the other hand, it will be important to make very clear to each individual member again theadvantagesofaEuropean community. 05. Tonegotiate calmly and level-headedly, not to burn any bridges and to work out the advantages ofthe community clearly again and to communicate them comprehensibly for all. Including to GreatBritain. Hubertus Väth, Managing Director of Rhein MainFinance 01. We regret,but respect thedecision of the British people to leave the European Union. It is importantnow to reacttothe result level-headedly. 02. Frankfurt is very well equipped as afinancial centretotakeonparticipants seeking astablebasis in theeurozone. We estimate that it is realistictocreate10,000 additional jobs in Frankfurt over aperiod of five years. 03. The effects forthe economyasawhole will tend to be negative. It will be different forthe financial centre. Frankfurt has ideal foundations for reinforcing and further expanding its top position in continentalEurope. 04. Europe now has the chance to show that it is acommunity based on values, including when separations occur. Despite all the prophecies of v 28 International Bankers Forum 04.2016
»The uncertainty aboutthe future of Europe is toxic forinvestments.« ROLAND BOEKHOUT, ING DIBA 29