Andreas Hackethal, director of the research department Household Finance at the Leibniz Institute for Financial Research SAFE, was elected as the new chairman of the advisory board of the German Federal Financial Supervisory Authority (BaFin) on 26 November 2020. The SAFE researcher has been a member of the 24-member committee as one of three representatives of science since 2008. Hackethal takes over the chair of the advisory board from Isabel Schnabel who left the advisory board due to her appointment to the executive board of the European Central Bank. Hackethal researches the digitization of the financial sector, financial decisions of private households, retirement provisions and financial consulting.
“I am looking forward to the new task and I am convinced that we will tackle the task that the BaFin has given the advisory board with great commitment,” says Hackethal. “As advisory boards, we want to contribute to the expertise and vital function of BaFin for a stable financial system in Germany.”
The committee meets twice a year and advises BaFin on the fulfilment of its tasks. The advisory board is made up of representatives of credit institutions as well as the German Bundesbank, insurance companies, capital management companies, the Association of Private Health Insurance, the scientific community, the Working Group for Occupational Pensions, consumer protection organizations, the liberal professions, medium-sized associations, trade unions, and industry.