Germany: Financial Sector Assessment Program: Detailed Assessment of Observance of IOSCO Objectives and Principles of Securities Regulations

September 2, 2011

Preview Citation

Format: Chicago

Germany: Financial Sector Assessment Program: Detailed Assessment of Observance of IOSCO Objectives and Principles of Securities Regulations, (USA: International Monetary Fund, 2011) accessed November 21, 2024

Summary

Germany has a comprehensive legislative and institutional framework for the effective supervision of the securities markets. The overall level of compliance with the IOSCO principles is high. There are significant industry concerns about the implementation costs resulting from a rapidly changing legislative framework. The German Federal Financial Supervisory Authority (BaFin’s) overall approach to supervision relies very heavily on the flow of information, auditors’ reports, and compliance with legislative obligations. Regulators at both the federal and state levels work with a clear legal framework and clearly defined powers and responsibilities.

Subject: Banking, Compliance audit, Financial institutions, Financial instruments, Financial markets, Financial services, Public financial management (PFM), Securities, Stock markets

Keywords: Asset management company, BaFin staff, Business organisation, Capital market, Compliance audit, CR, Europe, Exchange market, Financial market, Insider trading, Internal audit, Investment funds, ISCR, Market intermediary, Risk assessment, Securities, Stock markets, Target company

Publication Details

Pages:

97
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2011/274
Stock No:

1DEUEA2011007
ISBN:

9781463902377
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports