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.
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.
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.