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Credit risk

The Basel Committee on Banking Supervision (BCBS) is currently revising the standardised approach for the calculation of credit risk by banks. Frank Pierschel, co-chair of the Task Force on Standardised Approaches at the BCBS, sets out the background of the new standardised approach and explains what is in store for the banks. More : Credit risk

Market manipulation

Trading securities to gain would-be tax advantages could boomerang back to investors if the transactions involve pre-arranged trades or wash sales. More : Market manipulation

Subordinated loans

Persons and entities offering stakes in the business and other investments such as subordinated loans and profit participation loans will in the future usually be required to draw up a prospectus and have it approved by BaFin. However, this does not guarantee the suitability of the product or the integrity of the persons offering it. More : Subordinated loans

”I am taking on this great responsibility with all the respect it deserves”

Felix Hufeld has been the new President of BaFin since the beginning of March. In this interview he explains what goals he has set himself, what topics he will be devoting particular attention to and what attracts him about his new job. More : ”I am taking on this great responsibility with all the respect it deserves”

Life Insurance Reform Act

German life insurers are faced with the challenge of realising sufficient levels of capital to be able to permanently provide the guaranteed contractual benefits for the insured event, despite persistently low interest rate levels. For the protection of insured persons and to ensure the ongoing viability of life insurers, the legislators have approved the Life Insurance Reform Act More : Life Insurance Reform Act



Here you will find topics such as the authorisation of banks and insurance undertakings, risk management or bans on short selling as well as information on investments, prospectuses, capital requirements and anti-money laundering.



Find out here about the European supervisory structure, international regulation through Solvency II and Basel III, the stress tests and surveys carried out at the EU level and BaFin’s global and bilateral cooperation activities.

International bodies



We answer frequently asked questions and provide you with information on key consumer issues such as investment here. You will also find details of who to complain to and contacts if you are having problems with a company or undertaking.


Die BaFin

If you have any questions about BaFin itself, you can find out here about the functions and history of BaFin, how it is funded, job vacancies and media contacts. You will also find further details on the executive and staff.