BaFin - Navigation & Service

Stand:updated on 05.01.2023 | Topic BaFin Function and composition of the Administrative Council

BaFin Administrative Council

The Administrative Council monitors the management of BaFin and supports BaFin in the performance of its supervisory functions. In addition, it is responsible for deciding on the budget of BaFin, which is funded completely by the companies it supervises and is thus not covered by the federal government's budget.

BaFin's President must keep the Administrative Council regularly informed of BaFin's management activities.

The Administrative Council comprises 17 voting members. The Federal Ministry of Finance appoints six members with technical knowledge and expertise in the subject. These can be stakeholders or persons in positions in financial industry associations or supervised entities, or scientific experts. Prior to appointing a member, the Federal Ministry of Finance will consult with the financial industry associations, which are entitled to recommend three of the six members.

The following Federal Ministries are represented on the Admimistrative Council:

  • the Federal Ministry of Finance (Bundesministerium der Finanzen – BMF)
  • the Federal Ministry for Economic Affairs and Climate Action (Bundesministerium für Wirtschaft und Klimaschutz (BMWK)
  • the Federal Ministry of Justice (Bundesministerium für Justiz – BMJ)
  • the Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection (Bundesministerium für Umwelt, Naturschutz, nukleare Sicherheit und Verbraucherschutz (BMUV)

Members of the Administrative Council

As at: December 2022

For the Federal Ministries

Thoms, Heiko (chairperson - Federal Ministry of Finance)
Dr Wimmer, Eva (vice chairperson - Federal Ministry of Finance)
Wolpers, Reinhard (Federal Ministry of Finance)
Dr L'Hoest, Raphael (Federal Ministry for Economic Affairs and Climate Action)
Blöink, Thomas (Federal Ministry of Justice)
Springeneer, Helga (Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection)

For the German Bundestag

Dr. Zimmermann, Jens (member of parliament)
Hauer, Matthias (member of parliament)
Müller, Sascha (member of parliament)
Herbrand, Markus (member of parliament)
Gottschalk, Kay (member of parliament)

Experts from the private sector and academia

Quinten, Daniel (upon recommendation by the credit institutions)
Asmussen, Jörg (upon recommendation by the insurance undertakings)
Richter, Thomas (upon recommendation by the asset management companies)

Prof. Dr Langenbucher, Katja (representative of academia)
Prof. Dr Wagner, Fred (representative of academia)
Prof. Dr Dinger, Valeriya (representative of academia)

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

Publications on this topic

Deutsche Bank AG: BaFin ap­points spe­cial rep­re­sen­ta­tive due to dis­rup­tions in cus­tomer ser­vice

On 29 September 2023, the Federal Financial Supervisory Authority (BaFin) appointed a special representative for Deutsche Bank AG. The special representative is tasked with monitoring the bank to ensure that it quickly and comprehensively resolves the disturbances affecting the retail banking business of its Postbank and DSL Bank branches.

“We are com­pet­ing with gas prices”

What impact are high inflation and rising interest rates having on life insurers and institutions for occupational retirement provision? Industry experts and insurance supervisors discussed this at BaFin’s Annual Insurance Supervision Conference.

Prin­ci­ples of co­op­er­a­tion (BMF, BaFin)

Principles of cooperation between the Federal Ministry of Finance (BMF) and the Federal Financial Supervisory Authority (BaFin)

Mark Bran­son takes up of­fice as the new BaFin Pres­i­dent – and plans to drive for­ward the mod­erni­sa­tion of the Ger­man fi­nan­cial su­per­vi­sor

Mark Branson (52), the new President of Germany’s Federal Financial Supervisory Authority, takes up office today, officially assuming his position as the successor to Felix Hufeld (60). His official office is located in Bonn.

2018 an­nu­al re­port now avail­able in En­glish

The English version of BaFin’s 2018 annual report has now been published on BaFin’s website.

Attachments

All documents