Bundesanstalt für Finanzdienstleistungsaufsicht | |
BaFin Office in Bonn | |
Agency overview | |
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Formed | 1 May 2002 |
Jurisdiction | Federal Republic of Germany |
Headquarters | Bonn and Frankfurt am Main, Germany |
Employees | 2,535 (31 December 2014)[1] |
Agency executive |
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Website | www |
The Federal Financial Supervisory Authority (German: Bundesanstalt für Finanzdienstleistungsaufsicht), better known by its abbreviation BaFin, is Germany's integrated financial regulatory authority. Since 2014, it has been Germany's national competent authority within European Banking Supervision.[2] It is an independent federal institution with headquarters in Bonn and Frankfurt and falls under the supervision of the Federal Ministry of Finance.[citation needed] BaFin supervises about 2,700 banks, 800 financial services institutions, and over 700 insurance undertakings.[citation needed]