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Read more...BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) - is the Federal financial Supervisory authority of Germany, which is the Central Supervisory authority for financial services in the country. The Directorate is the Federal government of Germany and its functions and status defines the "Law on the Federal financial Supervisory authority", in the first place.
In carrying out its oversight responsibilities BaFin closely cooperates with the German Federal Bank.
Control is independent of the Federal budget because its funding comes from contributions and donations-controlled organizations and enterprises.
Main priorities in the work of BaFin's tasks are to establish a reliable and open activities of organizations that provide financial services.