The Federal Republic of Germany is submitting a bid to make Frankfurt the next seat of the European Banking Authority. Frankfurt is the most important financial hub in continental Europe and a key centre of financial market stability. It features a unique concentration of European and national supervisory bodies, international banks, insurance companies and law firms that few other cities can provide. Located at the heart of Europe, Frankfurt offers easy access to all EU capitals, a cosmopolitan atmosphere and a high quality of life. Frankfurt looks forward to welcoming the EBA.