Germany: Financial Sector Assessment Program Technical Note—Regulation And Supervision Of Less Significant Institutions
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Summary:
The Financial Sector Assessment Program (FSAP) conducted a focused review that primarily assessed banking regulation and supervision of Germany’s less significant institutions (LSIs).1 Germany accounts for 1,324 of about 2,400 total LSIs in the Euro Area (representing 40 percent of Germany’s banking sector assets and approximately 55 per cent of total Euro Area LSI assets). As Germany is part of the Euro Area, the regulation and supervision of banks takes place within the European Central Bank’s (ECB) Single Supervisory Mechanism (SSM). The Federal Financial Supervisory Authority (BaFin) and the Deutsche Bundesbank (BBk) are responsible, under the oversight of the ECB, for the supervision of LSIs.
Series:
Country Report No. 2022/265
Subject:
Bank supervision Commercial banks Cooperative banks Credit Financial institutions Financial regulation and supervision Financial Sector Assessment Program Financial sector policy and analysis International organization Monetary policy Money
Frequency:
regular
English
Publication Date:
August 3, 2022
ISBN/ISSN:
9798400217852/1934-7685
Stock No:
1DEUEA2022007
Pages:
52
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