10 years House of Finance

Anniversary celebration at Goethe University with Prime Minister Volker Bouffier, Bundesbank President Jens Weidmann and former ECB chief economist Otmar Issing.

FRANKFURT. The 10th anniversary of the House of Finance was celebrated today with a ceremony on the Campus Westend of Goethe University. The House of Finance was opened in May 2008 as part of the expansion of the new University Campus Westend. Since its founding as a forward-looking institution, which focuses on the analysis of financial institutions and the transfer of knowledge between the economy and science, the House of Finance has developed an outstanding importance nationally and internationally: financially-related research and education activities were both spatially bundled at the Goethe University, in the banking city of Frankfurt and in the middle of Germany and in the center of Europe and therefore strengthened. The focal points correspond to the university Departments Finance, Money and Macroeconomics as well as the legal focus "Corporate and Financial Law".

In addition to fundamental research, it is also a concern to facilitate academic education and the exchange of knowledge with the financial sector and politics. At numerous events, high-ranking representatives of institutions and companies as well as political representatives were guests at the House of Finance; among them Christine Lagarde from the International Monetary Fund, Angela Merkel at the first Frankfurt Finance Summit in March 2014, and Wolfgang Schäuble as a speaker at the Center for Financial Studies in March 2016.

On the occasion of the tenth anniversary, Prime Minister of the State Hesse Volker Bouffier, Bundesbank President Dr. Jens Weidmann, University President Prof. Birgitta Wolff, Prof. Dr. Dr. h. c. mult. Otmar Issing, Chairman of the Board of Trustees of the House of Finance and Michael Klaus, Chairman of the Bankhaus Metzler, gave a speech.

"In 2008, the state government followed on new paths of promoting innovation: in the House of Finance, the various disciplines of finance, microeconomics, macroeconomics and law work hand in hand in an interdisciplinary and flexible manner. With 170 scientists, including about 40 professors, we have established one of the largest research groups on financial and monetary topics in Europe at the financial center Frankfurt. Here the bridge between economy, science and politics succeeds by teaching, learning and researching together - and that at an excellent level. I am glad that the House of Finance has become an outstanding think tank that benefits our economy and society,” said Hessian Prime Minister Volker Bouffier.

Dr. Jens Weidmann, President of the Deutsche Bundesbank, said at the ceremony: "If, in retrospect, the founding of an institution is regarded as inevitable, it may well be considered a success. The House of Finance was ahead of its time in trying to understand the role and function of the financial system holistically. The findings gained help to make the financial system more stable."

Prof. Dr. Birgitta Wolff, President of Goethe University, emphasized:
"Ten years after its founding, the House of Finance is an established and respected place for interdisciplinary financial research, but also a platform for the transfer of knowledge between researchers and citizens, financial market experts and industry representatives. With the LOEWE Center SAFE, the Center for Financial Studies (CFS), the E-Finance Lab (EFL), the Institute for Monetary and Financial Stability (IMFS) and the International Center for Insurance Regulation (ICIR) it unifies a whole series of relevant institutes. Together with other partners in science and society, they are researching the important challenges of the financial system of a social market economy, e.g. sustainable and international financial market regulation, insurance regulation, pension system, digitalization, and the monetary and financial system."