BaFin: Germany's financial regulator

Control over the activities of financial institutions at various levels in every state plays an important role. This is especially true today, when international financial relations have reached their peak and continue to strengthen day by day. Against the background of such integration, not only a country's economic potential, but also its position in the general political picture of the world, the strength of its national currency and its exchange rate in relation to other monetary units depend on the activity of supervisory bodies. That is why the magazine fortrader.org The following are some of the most influential to regulatorsone of which is BaFin.

German Financial Supervisory Authority BaFin

• Full name: German Federal Financial Supervisory Authority
• Title in German: Bundesanstalt für Finanzdienstleistungsaufsicht
• English title: The Federal Financial Supervisory Authority 
• Abbreviated title: BaFin
• Subordinate countries: Germany
• Funding: at the expense of controlled entities
• Degree of trust of traders: tall
• Official website: www.bafin.de

Federal level management BaFin The Financial Supervisory Authority (FSA) is the central supervisory authority for German financial services companies. The regulator is part of the Federal Government of the Republic. The regulations and the legislative basis for the activities of the directorate are based on the following regulations:

• "The Federal Financial Supervisory Authority Act."
• "The German Banking Act," etc.

In carrying out the task of supervising banking institutions and companies engaged in the provision of investment services, the organization works closely with the Federal Bank of Germany.

The structure and impact of BaFin

BaFin consists of 12 units that operate autonomously. One of the units represents German interests in the EU, as well as liaising with other international organizations. Activities are financed from controlled institutions and organizations, i.e., separately from the budget of the Federal Republic of Germany.

As of spring 2011, the department had about 1,900 employees. Their tasks included supervision and control of more than 1.9 thousand banks, over 700 financial advisory institutions, about 600 insurance companies, three dozen pension funds, more than 6 thousand domestic funds and more than 70 companies providing investment services.

Impact BaFin as an important part of the Federal Government is quite substantial. In addition, Germany is the leading European economy, in many ways influencing the position of the region on the world stage. Therefore, traders' confidence in the German regulator, as well as in the pan-European MiFIDThe number of people with a license is a priori high, as well as the companies that have a license. Today BaFin is one of the main federal organizations engaged in the supervision of the country's financial institutions.