Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin (Federal Agency for Financial Markets Services Supervision)

The supervisory powers for – banks, – securities trading and – insurance business, as well as – the overarching areas and products of the financial markets (such as Internet business, asset management, investor and consumer protection, old-age provision funds) are vested in a single authority, which commenced its work in Germany on May 1, 2002, with dual headquarters in Frankfurt am Main and Bonn, replacing the previously sectoral (sectoral acting) supervisory authorities. This followed the increasingly apparent trend toward financial conglomerates. – The Federal Financial Supervisory Authority (BaFin) is a public-law institution with legal capacity under federal law in the portfolio of the Federal Ministry of Finance and employs around 2,400 staff. BaFin supervises about 2,700 credit institutions, 800 financial services institutions, and more than 700 insurance companies; read more at . BaFin is an intervention administration (distributive administration) and issues sovereign administrative acts (sovereign acts), which can be sued. With the establishment of the European Banking Authority in 2014, BaFin had to cede important powers in the supervision of institutions to the new ECB authority. – See dismissal order, resolution order, supervision, banking supervision, European, grandfathering, fine, capture theory, BaFin advisory board, financial market, growth significance, prohibition, commitment period. – Cf. BaFin Annual Report 2003, p. 25 (regarding its examination by the IMF), pp. 232 ff. (regarding the committees also proliferating there), BaFin Annual Report 2004, p. 93 (regarding the scope of supervision), BaFin Annual Report 2012, pp. 234 f. (Act to Strengthen German Financial Supervision entered into force at the beginning of 2013), and the respective BaFin Annual Report, chapter “About BaFin.”

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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/