Bafin to Raise Budget, Add Employees, Handelsblatt Reports

German financial regulator Bafin plans to raise its budget to 160 million euros ($228 million) and increase the number of employees by 12 percent to 2,200 people this year, Handelsblatt newspaper reported today, citing Michael Sell, head of internal administration at Bafin.

To contact the reporter on this story: Niklas Magnusson in Hamburg at nmagnusson1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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