The German Government has begun to reorganise national financial stability tasks which are due to be completed by 2018. As a first step a new “Law on the reorganisation of the tasks of the Federal Financial Market Stability Authority” (Gesetz zur Neuordnung der Aufgaben der Bundesanstalt für FinanzmarktstabilisierungFMSANeuOG) has been published in the Federal Gazette. As a major change, the Federal Financial Supervisory Authority (Bundesanstalt für FinanzdienstleistungsaufsichtBaFin) will assume the bank resolution competencies which are currently entrusted with the Federal Financial Market Stability Authority (Bundesanstalt für Finanzmarktstabilisierung FMSA). Amendments will be made also to the Restructuring and Resolution Act (Sanierungs- und Abwicklungsgesetz – SAG).