Strengthen Bafin – Merkel should get nine employees as ex-Chancellor

The traffic light parties SPD, Greens and FDP want in the financial market area the supervisory authority BaFin delegate further powers. In a ten-page paper from the finance working group, which the Reuters news agency received on Tuesday evening, it says, among other things, that BaFin should be given more powers to review investment prospectuses. In the case of certain activities, the Bonn authority is also to be given responsibility for supervising money laundering. A service website is to be created at BaFin to better compare account fees.

These points are obviously indisputable in the paper. In many other places, however, differences between the three partners can be seen – using crossed-out sentences or color-coded formulations that indicate the wishes of a particular party. The Ampel partners had recently repeatedly insisted on confidentiality and left questions about specific content unanswered.

The paper is dated November 9th, shortly before the end of the negotiation phase of the 22 working groups. The main negotiating group is currently discussing the open questions. The coalition agreement should then be in place by next week.

In the financial market paper, the obviously indisputable passages continue to say, high-frequency trading on the stock exchange should be limited. In addition, speculation with food is to be limited at the European level – by lowering position limits.

At the European level, the Ampel partners also want to complete the banking union. In this context, they are committed to the so-called three-pillar model in Germany made up of private banks, public savings banks and cooperative Volksbanks and Raiffeisenbanks. The aim is a European reinsurance for the national deposit insurance systems of banks. The contributions for this should be based on the respective risk. Communityization of the security systems is expressly not the aim.

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