Federal Financial Supervisory Authority

The Federal Financial Supervisory Authority (German: Bundesanstalt für Finanzdienstleistungsaufsicht), better known by its abbreviation BaFin, is Germany's integrated financial regulatory authority. Since 2014, it has been Germany's national competent authority within European Banking Supervision. It is an independent federal institution with headquarters in Bonn and Frankfurt and falls under the supervision of the Federal Ministry of Finance. BaFin supervises about 2,700 banks, 800 financial services institutions, and over 700 insurance undertakings.

Federal Financial Supervisory Authority
Bundesanstalt für Finanzdienstleistungsaufsicht

BaFin Office in Bonn
Agency overview
Formed1 May 2002
JurisdictionFederal Republic of Germany
HeadquartersBonn and Frankfurt am Main, Germany
Employees2,535 (31 December 2014)
Agency executive
  • Mark Branson, President
Websitewww.bafin.de
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.