https://legal.excellentwiki.com/germany/banking-law/ Recent content in banking law on ExcellentWiki - Legal Encyclopedia Hugo en-US Mon, 06 Jul 2026 00:00:00 +0000 https://legal.excellentwiki.com/germany/banking-law/german-banking-law/ Mon, 06 Jul 2026 00:00:00 +0000 https://legal.excellentwiki.com/germany/banking-law/german-banking-law/ <h2 id="the-banking-act-and-bafin">The Banking Act and BaFin</h2> <p>The primary legislative framework for German banking law is the Banking Act (Kreditwesengesetz, KWG), which transposes European Union banking directives into national law and governs the licensing, supervision, and ongoing conduct of credit institutions and financial services institutions. The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) serves as the integrated financial regulator responsible for banking, insurance, securities, and asset management supervision. BaFin exercises its supervisory powers in cooperation with the Deutsche Bundesbank under a functional division of labour: the Bundesbank conducts ongoing monitoring of institutions through its regional offices, while BaFin is responsible for binding administrative acts and enforcement decisions.</p>