But they are asking questions about German law on immigrant workers, the talent pool in Frankfurt, banking licences and regulation, and how easy it is to do business here in English. Home to the European Central Bank, the EU's insurance regulator EIOPA and 198 banks, Frankfurt is a natural contender in the battle to lure the City of London's financial behemoths. But the city on the Main has never truly challenged London for pre-eminence in Europe. Bank lobbyists also want the European Banking Authority (EBA) relocated from London to Frankfurt. But in the long term, while "no-one welcomed Brexit," Bankenverband director Kemmer said, "we can do everything possible to strengthen Frankfurt as a financial centre".

Source: The Local August 24, 2016 07:07 UTC