# Bundesaufsichtsamt für Kreditwesen, BAKred (Federal Banking Supervisory Office)

- Canonical URL: https://www.gerhardmerk.de/bundesaufsichtsamt-fur-kreditwesen-bakred-federal-banking-supervisory-office
- Post ID: 588540
- Modified: 2023-07-25T20:58:29+00:00
- Language: en

## Definition

Former supervisory authority based in Bonn with wide-ranging responsibilities, mainly: - licensing of banks and cancellation of licensing, - examination of the reliability and suitability of managers, - shareholder control, - monitoring of the economic situation of institutions, including liquidity and earnings, and - prosecution of unauthorized banking transactions and financial services. - The annual reports of the Office indicate that the linguistic expressiveness of senior officials (in 2000, as many as 223 senior posts!) there is poor: it is teeming with "concepts" and other linguistic folly. On May 1, 2002, the Office and its tasks were merged into the Federal Financial Supervisory Authority (BaFin). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! 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/

## Machine-readable

- Generator: Merk Knowledge 1.1.1