Bundesbank gets bigger supervisory role

The Bundesbank is poised to take broader responsibility for operational banking supervision in Germany after the central bank and BaFin, the country's financial regulator, agreed rules to clarify their supervisory roles.

Under the new terms, the Bundesbank alone will be responsible for operational banking supervision including that for systemically-relevant and so-called "problem" banks. BaFin will be restricted in its role to carrying out banking audits only in special circumstances. Previou