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BAKred

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AcronymDefinition
BAKredBundesaufsichtsamt für Das Kreditwesen


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Ernst Welteke, the current president of the Bundesbank, and Edgar Meister, the member of the Directorium responsible for bank supervision, were already openly giving details about how they would integrate the bank supervision agency BAKred with its 650-member staff into a department of the Bundesbank.
Nevertheless, a preliminary memorandum issued by German banking supervision authority BAKRED (Bundesaufsichtsamt fur das Kreditwesen) on April 18, 2002 showed that there could be potential changes in this market in the future.
MBS are thus issued in Germany since 1997 after appropriate clarification from BaKred.
 
 
 
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