BaFin

German Federal Financial Supervisory Authority,” which announced that it will be checking the bonuses paid by banks in Germany. “We think it’s important to verify whether banks are in fact complying with the laws’ requirements. Because checking bonuses and salaries is an important instrument for countering undesirable developments in the banking system.” The ruling coalition welcomes this because the announcement itself should cause better compliance with existing banking regulations. The SPD, which is in the opposition, says it’s not enough and that in this election year they will fight for stricter new laws and for radical limits to be set for banker remuneration.

(Baffin.)

3 thoughts on “BaFin

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