Cooperation with Deutsche Bundesbank
The Deutsche Bundesbank cooperates with BaFin in ongoing banking supervision, as stipulated by section 7 of the German Banking Act (Kreditwesengesetz - KWG).
In order to ensure that the division of responsibilities between BaFin and the Bundesbank satisfies the requirements of best practice, the two parties have spelled out the details of the functions assigned to them by the Act in an agreement. In consultation with the Deutsche Bundesbank BaFin has also issued a "Guideline on the execution and quality assurance of the ongoing supervision of credit and financial services institutions by the Deutsche Bundesbank" (Supervision Guideline).