Responsibilities
The main task of BaFin is the supervision of banks, insurance companies and the trading of securities and ensure the viability, integrity and stability of the German financial system.
As a financial market-based institution BaFin is responsible to both providers and consumers. On the supply side it pays attention to the solvency of banks, insurance companies and financial institutions. For investors, bank customers and insured it ensures confidence in the financial markets and the companies operating therein.
Read more about this topic: Federal Financial Supervisory Authority