BaFin Sets Medium-term Objectives for its Supervisory Activities
The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) has set itself ten medium-term objectives for the years 2022 to 2025. These objectives, published on the Bafin website on 15 November 2021, address the following issues:
The stability, security and operational resilience of the companies subject to BaFin's supervision; identification of problem companies; intensification of money laundering prevention and strengthening of collective consumer protection, financial reporting enforcement and market supervision; consideration of aspects of sustainability and innovation in supervisory activities; and modernisation and human resources development within BaFin.
"Our medium-term objectives are designed to serve as a clear and transparent basis for effective, forward-looking supervision", explained BaFin President Mark Branson. "We intend to make significant progress in all ten areas over the next four years." BaFin's medium-term objectives set out the areas it plans to focus on and where it aims to utilise the scope for action provided by its legal mandate. In addition, its supervisory priorities will also detail specific plans for implementing these strategic objectives. The supervisory priorities are published on a yearly basis together with the underlying risk analysis.
Subscribe Now
