BaFin cost allocation

As the German supervisory authority, the Federal Financial Supervisory Authority (BaFin) is financed entirely from its own revenues. More than three quarters of this revenue is made up of levy payments from the supervised companies; this is a special levy with the purpose of reimbursing the authority’s expenses. The remainder is accounted for by administrative revenue, fees and interest. – The financial industry fears that the levy will rise sharply in the course of European financial market supervision. They also argue that it is the responsibility of the state to finance a supervisory authority from tax revenues. – In contrast, the Federal Constitutional Court ruled in September 2009 that the BaFin levy is compatible with the German Basic Law and therefore constitutional. – See investor protection, supervision, supervision avoidance, committee mania, supervision, complete, fragmentation, supervisory, money burning, competence conflict, supervisory, regulatory pressure, regulatory mania, straitjacking, subsidiarity principle, degree of transparency.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/