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Germany’s new finance watchdog vows further supervision reforms By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO: The logo of Germany’s Federal Financial Supervisory Authority BaFin (Bundesanstalt fuer Finanzdienstleistungsaufsicht) is pictured outside of an office building of the BaFin in Bonn, Germany, April 15, 2019. REUTERS/Wolfgang Rattay

FRANKFURT, Reuters – Wednesday’s new BaFin president vowed further effort to strengthen supervision of Europe’s biggest economy. This comes amid concerns that the current reform efforts are not sufficient.

Mark Branson stated in his first conference as the BaFin chief since he assumed the reins, that he was pleased by the pace and breadth the reforms.

He said, “But this is just the beginning of BaFin’s long-term growth.”

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