A well functioning economy requires a stable banking system. Banking supervision is therefore responsible for monitoring credit institutions’ business activity and maintaining investor confidence. In Germany, the task of financial supervision is shared by the Bundesbank and the Federal Financial Supervisory Authority (BaFin). In particular, the Bundesbank is in charge of monitoring the credit institutions.

Director General Financial Supervision

The branches of the Bundesbank supply the economy with euro banknotes and coins, and offers private customers the opportunity to exchange D-Mark banknotes and coins free-of-charge and with no fixed deadline.

The Bundesbank brings its expertise to numerous European and international bodies and organisations in which issues concerning financial stability and the financial and monetary system are analysed and policy measures are coordinated.

The G20 is currently considered the main forum for international economic cooperation and is therefore at the heart of multilateral financial diplomacy. Since its inception in 1999, the G20 has primarily focused on managing financial crises, strengthening the financial sectors of emerging market countries, enhancing the Bretton Woods institutions and developing growth strategies.

The German banking sector is currently stable overall, with sound capital and liquidity buffers – that’s good news, Bundesbank Executive Board member Michael Theurer stressed at the digital supervisory briefing, an event organised by the Bundesbank and BaFin. Together with Annika Sattler from the Bundesbank, Theurer and BaFin Chief Executive Director Nikolas Speer spoke about the risk situation, simplification and proportionality. Participants from the worlds of banking and supervision numbered more than 5,000 at times during the digital supervisory briefing, which was streamed live.