Federal Financial Supervisory Authority (BAFin)

The state supervision of financial service companies was combined in a central supervisory body. On May 1, 2002, the federal supervisory offices for credit, insurance and securities trading were merged to form BAFin. The legal basis is the Financial Services Supervision Act (FinDAG). BaFin is a legal entity under public law. It is subject to the legal and technical supervision of the BMF. Their offices are in Bonn and Frankfurt am Main. The BAFin's task is to supervise credit institutions, insurance companies and financial service companies as well as securities trading. The aim is to ensure the functionality, stability and integrity of the German financial system.

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