EMEA | Financial services

BaFin

The Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) is responsible for the supervision of all banks, credit institutions, insurers, funds and financial institutions in Germany. Its objective is to ensure the functioning, stability and integrity of the German financial market.

BaFin Compliance Offerings

Learn more about key regulations and guidelines prescribed by BaFin.

BaFin Cloud Outsourcing Guidance

Learn more about BaFin Cloud Outsourcing Guidance and how Google can help support your BaFin compliance efforts.

BaFin issued guidance on outsourcing to cloud service providers (BaFin Cloud Outsourcing Guidance) to create greater transparency into the supervisory assessment of cloud outsourcing.

The BaFin Cloud Outsourcing Guidance provides specific outsourcing guidance for financial institutions on contractual terms, including information and audit rights, the right to issue instructions, data security and protection, termination and chain outsourcing.

Google Cloud's contracts for financial institutions in Germany address the requirements in the BaFin Cloud Outsourcing Guidance. We have also created mappings to the BaFin Cloud Outsourcing Guidance for both Google Cloud and Google Workspace to assist you with understanding how we can support you with meeting the requirements and assessing us as an outsourced service provider. Google Cloud is committed to addressing these requirements regardless of how financial institutions choose to use our services.

Circular 10/2017: Supervisory Requirements for IT in Financial Institutions

Learn more about BAIT and how Google can help support your BaFin compliance efforts.

The Supervisory Requirements for IT in Financial Institutions (Bankaufsichtliche Anforderungen an die IT – BAIT) clarify the requirements of IT supervision in the German banking sector. BAIT specifies banking supervisors’ expectations for technical and organizational controls for IT systems with an emphasis on information security and contingency plans.

We have created a mapping to BAIT for Google Cloud to assist you with understanding how we can support you with meeting the requirements and assess us as an outsourced service provider.