BaFin - Navigation & Service

Stand:updated on 20.04.2021 Financial Stability Committee

The key task of the Financial Stability Committee is to regularly discuss the matters of decisive importance for financial stability based on analyses of the Bundesbank, to issue warnings of risks when these are identified and to make recommendations on how to prevent such risks. The Committee also discusses the warnings and recommendations of the ESRB. Another purpose is to strengthen cooperation among the institutions represented in the Committee in times of financial crisis.

Members

The Financial Stability Committee was established at the Federal Ministry of Finance. It is composed of:

  • three representatives from the Bundesbank,
  • three representatives from the Federal Ministry of Finance,
  • three representatives from BaFin and
  • the Chief Executive Director of BaFin’s Resolution Directorate – in a non-voting capacity.

The Committee therefore represents the public institutions responsible for monitoring the financial system in Germany.

Decision-making

Decisions are made by passing resolutions, which generally require simple majority. However, the issuance and publication of warnings and recommendations and the Committee’s annual report to the German Bundestag should be based on the broadest possible consent. Resolutions on these points should therefore be passed unanimously if possible. They can also not be passed against the votes of the representatives from the Bundesbank.

Transparency and accountability

In April 2021, the Committee published a website to enhance its communication to the public. You can reach the FSC´s web presence here.

Additional information

Did you find this article helpful?

We appreciate your feedback

Your feedback helps us to continuously improve the website and to keep it up to date. If you have any questions and would like us to contact you, please use our contact form. Please send any disclosures about actual or suspected violations of supervisory provisions to our contact point for whistleblowers.

We appreciate your feedback

* Mandatory field