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The Financial Stability Committee discusses and assesses threats to financial stability in Germany based on analyses performed by the Bundesbank. In addition, its work is based to a large extent on findings of the Federal Financial Supervisory Authority (BaFin) taken from its supervisory activities in the banking, insurance and securities sectors.
Dr Benjamin Weigert
Dr Benjamin Weigert has been Director General for Financial Stability at the Deutsche Bundesbank, and a member of the Financial Stability Committee, since August 2016. He has also worked at Deloitte & Touche and served as Secretary General of the German Council of Economic Experts. He graduated from the Technical University of Dresden in 2002 with a degree in Economics and received his Ph.D. …
Raimund Röseler has been Chief Executive Director of Banking Supervision at the Federal Financial Supervisory Authority (BaFin) since 2011. Prior to that, he served as Head of the Department for General Policy Issues in the Directorate for Insurance Supervision. Mr Röseler is a member of the Basel Committee on Banking Supervision. He also serves on the European Banking Authority’s Board of …
About the FSC
The Financial Stability Committee (Ausschuss für Finanzstabilität) is the central body for macroprudential supervision in Germany. The purpose of macroprudential supervision is to limit systemic risks and strengthen the resilience of the financial system in a preventive manner. Macroprudential means looking at the stability of the financial system as a whole. To this end, the Financial Stability …
Dr Eva Wimmer
Dr Eva Wimmer is Head of the Directorate-General for Financial Market Policy at the Federal Ministry of Finance. Her remit covers federal credit institutions, federal debt management, financial market regulation (banking, insurance, securities) and international financial market policy. In addition, she is responsible for the oversight of the Federal Financial Supervisory Authority (BaFin) and …
Responsibilities of the Financial Stability Committee
The Financial Stability Committee regularly analyses and assesses risks to financial stability. On the basis of its risk assessment, it considers whether, and in what form, macroprudential action is required. The structure of the Financial Stability Committee ensures that the participating authorities exchange relevant information among themselves on an ongoing basis and collaborate in a …
Actions: warnings and recommendations
The Financial Stability Committee can issue warnings and recommendations to counter systemic risks and strengthen the resilience of the financial system. The warnings and recommendations can be addressed to the German government, BaFin or other public bodies in Germany. The Financial Stability Committee uses these tools to shape macroprudential policy in a forward-looking, preventive manner and …
Macroprudential supervision in other countries
EU member states have established national macroprudential authorities on the basis of CRD IV and the recommendation of the ESRB. The ESRB website provides an overview of the macroprudential authorities of our European neighbours. In addition, the ESRB website provides a summary of macroprudential policies at the national level.
The purpose of macroprudential supervision is to limit systemic risks and strengthen the resilience of the financial system. It is preventative in nature, monitoring key developments in all sectors of the financial system that could pose potential threats to financial stability in Germany.