Even though there is no globally binding legal framework, markets are continuing to expand across national borders. Find out here about the European supervisory structure, international regulation, the stress tests and surveys carried out at the EU level and BaFin’s global and bilateral cooperation activities.

Sin­gle Su­per­vi­so­ry Mech­a­nism (SSM)

The Single Supervisory Mechanism (SSM) places significant banks in participating countries under the direct supervision of the European Central Bank (ECB). The SSM comprises the ECB and the national supervisory authorities of the euro countries. Non-euro area member states may participate in the SSM on a voluntary basis.

Eu­ro­pean Su­per­vi­sion

Since 4 November 2014, the Single Supervisory Mechanism (SSM) has placed significant institutions in participating countries under the direct supervision of the European Central Bank (ECB). The new European Supervisory Authorities, namely the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) commenced operation on 1 January 2011. At the same time, the European Systemic Risk Board (ESRB) was established.

In­ter­na­tion­al co­op­er­a­tion

Among BaFin’s tasks is to get involved in the creation of a single European financial market. In addition, it is represented in other international bodies and is thus involved in shaping international regulatory standards. In doing so, it represents the interests of Germany as a financial marketplace.

Bi­lat­er­al co­op­er­a­tion

BaFin maintains contact with other supervisory authorities throughout the world. It mainly organises bilateral meetings with other supervisors and discusses current issues and developments with them. Furthermore, BaFin gives advice to foreign supervisory authorities within the framework of technical cooperation in order to support them in establishing and further developing their supervisory systems. This helps German companies gain access to new markets, among other things.

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