Major industries - among the world`s largest and most technologically advanced producers ofiron, steel, coal, cement, chemicals, machinery, vehicles, machine tools, electronics, food and beverages, shipbuilding, textiles.
Banks (2010) - 2 093 banks; 38,183 branches; 657,100 employees; assets – EUR 8,307 trillion; loans – EUR 2,31 trillion; deposits – EUR 3,16 trillion.
Banking regulations - in Germany, the task of banking supervision is shared by the Bundesbank and BaFin. Banking supervision does not directly intervene in transactions conducted by banks, but it does set the regulatory framework. The Banking Act (Gesetzüber das Kreditwesen) is the legal basis for this. The Bundesbank is assigned most of the operational tasks in banking supervision. In the ongoing monitoring process the Bundesbank's responsibilities notably include evaluating the documents, reports, annual accounts and auditors' reports submitted by the institutions as well as conducting regular audits of banking operations. The Federal Financial Supervisory Authority, as the successor to the Federal Banking Supervisory Office, is responsible for all sovereign measures. Only in exceptional cases will the FFSA carry out audits of banking operations, either together with the Bundesbank or on its own.