Transparent business model

The EAA interacts with institutional investors and international portfolio managers on the capital and financial markets. It has the expertise and entrepreneurial focus to be successful in this environment. Unlike other market participants, however, the EAA fulfils a public mission. Internal and external controls ensure that it acts in a transparent, reliable and sustainable manner.

On the one hand, the EAA is subject to standard controls for financial service providers: the Managing Board, the Supervisory Board and the Stakeholders’ Meeting receive regular information about all business activities. Semi-annual reports and annual financial statements are audited by external auditors, while Deutsche Bundesbank and Bundesanstalt für Finanzdienstleistungsaufsicht check for compliance with regulatory provisions. On the other hand, the Bundesanstalt für Finanzmarktstabilisierung (Financial Market Stabilization Authority, FMSA), as a legal supervisor, continuously controls the entire wind-up planning and its implementation. The German Federal Audit Office and the Regional Audit Office of North Rhine-Westphalia act as additional auditing bodies.