Federal Financial Supervisory Authority

Federal Financial Supervisory Authority
Bundesanstalt für Finanzdienstleistungsaufsicht

BaFin Office in Bonn
Agency overview
Formed1 May 2002
JurisdictionFederal Republic of Germany
HeadquartersBonn and Frankfurt am Main, Germany
Employees2,535 (31 December 2014)[1]
Agency executive
Websitewww.bafin.de

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]

  1. ^ "number of BaFin employees". Retrieved March 9, 2016.
  2. ^ "National supervisors". ECB Banking Supervision.