Stand:updated on 17.03.2021 | Topic Consumer protection Function and composition of the Consumer Advisory Council
Consumer Advisory Council
The Consumer Advisory Council is responsible for advising BaFin on issues related to its supervisory duties from a consumer’s perspective. The Consumer Advisory Council collects, analyses and reports to BaFin data relating to current developments in the banking and insurance businesses and in the areas of financial services and financial instruments (“consumer trends”).
The Consumer Advisory Council comprises 12 representatives: three from academia, four from consumer and investor protection organisations, three from extrajudicial dispute resolution schemes, one from the Federal Ministry of Justice and Consumer Protection (Bundesministerium der Justiz und für Verbraucherschutz – BMJV) and one from trade unions.
Members of the Consumer Advisory Council
Members of the Consumer Advisory Council (from left to right): Dorothea Mohn, Jella Benner-Heinacher, Stephan Kühnlenz, Prof. Dr Peter Rott, Gabriele Meister (stepped down, successor: Dr Bernd Müller-Christmann), Andrea Heyer, Prof. Dr Petra Buck-Heeb, Dr Peter Frellesen, Prof. Dr Günter Hirsch (stepped down, successor: Dr h.c. Wilhelm Schluckebier), Prof. Dr Christoph Brömmelmeyer, Dr Erich Paetz (Maximilian Fuhrmann was absent).
(c) BaFin
As at: August 2019
Representatives from academia
Prof. Dr Brömmelmeyer, Christoph
Prof. Dr Buck-Heeb, Petra
Prof. Dr Rott, Peter
Representatives of consumer and investor protection organisations
Benner-Heinacher, Jella
Heyer, Andrea
Kühnlenz, Stephan
Mohn, Dorothea (Chairwoman)
Representatives from extrajudicial dispute resolution schemes
Dr Frellesen, Peter
Dr. Müller-Christmann, Bernd
Dr h.c. Schluckebier, Wilhelm
Representative of the Federal Ministry of Justice and Consumer Protection
Dr Paetz, Erich
Representative of trade unions
Fuhrmann, Maximilian
Note on the Consumer Advisory Council
The Consumer Advisory Council is not responsible for accepting or replying to correspondence from members of the public or complaints. Information on how to complain to BaFin and further points of contact can be found here.
