Tehran, Apr. 17 (SENA) - Two officers from the German financial regulatory authority (BaFin), Peter Kruschel, and Johannes Engels, paid a visit to the Securities and Exchange Organization on April.13 to meet Dr. Fetanat, CEO of SEO.
The gathering which was held at the organization’s headquarters upon his arrival was attended by Chairman of SEO and top Iranian capital market executives.
The participants discussed about the structures of the two capital markets and went through the significance of regulatory and supervisory authorities in capital markets.
They discussed to expand cooperation between the SEO and the German Bonn-based organization.
The senior policy officer of Bafin, Johannes Engels, had a presentation on the supervisory functions of the BaFin in German capital market and described how BaFin tackles the market issues in terms of supervision and regulation.
As the sole regulatory and supervisory body of the entire financial markets in Germany, the BaFin supervises about 2,700 banks, 800 financial services institutions and over 700 insurance undertakings.
Iran’s capital market officials and BaFin's decided to meet each other in the future both in Iran and German for further discussions.