GERMANY – Bafin, Germany’s Federal Financial Supervisory Authority, is looking to appoint Helmut Bauer, of the UK’s Financial Services Authority, as head of banking supervision at the regulator.

Bauer has worked with the FSA for two years, heading up the operational risk policy unit, and also represents the FSA on the European Commission’s working group on operational risk.

A spokesman at the FSA confirmed that Bauer is likely to move to Bafin in January, but Bafin stated that nothing had been formalised.

The position at Bafin has been vacant since it was established in May. Following the German law on integrated financial services supervision in April, Germany’s separate regulators for insurance, banking, asset management and securities were merged to form the single regulator, Bundesanstalt für Finanzdienstleistungsaufsicht (Bafin).

Bafin has offices in Frankfurt and Bonn.

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