The aim of the project is to assess the competitiveness of Germany as an international financial centre compared to main European competitors (Luxembourg, France, Switzerland, UK). In the first part of the project the importance of the financial sector for the German economy is analysed. In addition, the strengths and weaknesses of the financial sector in Germany will be investigated in greater detail. In the last part of the project the factors determining the competitiveness of the German financial sectors will be analysed by econometric methods.