Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what representations his Department (a) has made and (b) plans to make to the Government of Germany on the oversight of BaFin.

HM Treasury Ministers and Officials regularly speak with their counterparts in Germany. The UK and Germany share high standards of prudential regulation and work together to promote these internationally through fora such as the Financial Stability Board and the Basel Committee for Banking Supervision. Oversight of BaFin is the responsibility of the Government of Germany.