It is an autonomous public-law institution and is subject to the legal and technical oversight of the Federal Ministry of Finance. It is funded by fees and contributions from the institutions and undertakings under its supervision. BaFin is managed by an Executive Board.
Working at BaFin
BaFin is an attractive employer who can offer you exciting, challenging responsibilities that often have an international dimension. BaFin also offers job security and an attractive work-life balance. BaFin strives to create a family-friendly working environment by making it easier for its staff to combine professional and family life to the extent permitted by the law and its own operating environment. For example, BaFin offers tailored part-time working arrangements, a modern flexitime agreement and a telecommuting job quota.
Functions & history
BaFin operates in the public interest. Its primary objective is to ensure the proper functioning, stability and integrity of the German financial system. Bank customers, insurance policyholders and investors ought to be able to trust the financial system.
Legal bases & organisation
BaFin’s By-Laws represent a major set of precepts for how it acts. They contain regulations governing its structure and organisation and its rights and obligations. They also govern the functions and powers of BaFin’s supervisory body, its Administrative Council (Verwaltungsrat), and details of its budget.BaFin also bases the way in which it carries out its supervisory activities on the Mission Statement it gave itself shortly after it was established. According to this Mission Statement, BaFin’s function is to limit risks to the German financial system at both the national and international level and to ensure that Germany as a financial centre continues to function properly and that its integrity is preserved.
