January 2026

Following the dissolution of the FMSA on 1 January 2026 in accordance with the amendment to the StFG, the Finance Agency will assume coordination and supervisory tasks in relation to the resolution institutions, while the Federal Ministry of Finance will exercise legal supervision over the resolution institutions from 1 January 2026.

September 2024

The interministerial steering committee decides to take the first step towards selling its stake in CBK and sells a 4.49% shareholding. The FMS then still holds 12.0%.

December 2020

The separate borrowing authorisation of the FMS for refinancing the deconsolidated environment will be doubled to € 60 bn. Since at the same time the general credit authorisation of the FMS was reduced from originally € 60 bn to € 30 bn, the total credit authorisation of the FMS of € 100 bn did not change.

March 2020

The FMStFG was amended in the wake of the Corona pandemic by the Act on the Establishment of an Economic Stabilisation Fund (WStFG). Since then, the FMStFG has been called the "Law on the Establishment of a Financial Market and an Economic Stabilisation Fund (StFG)".

January 2019

The FMS receives a separate borrowing authorisation for the refinancing of the deconsolidated environment of € 30 bn.

January 2018

With the Act on the Reorganisation of the Tasks of the Federal Agency for Financial Market Stabilisation (FMSANeuOG), the Finance Agency was assigned the administration of the FMS, which had already been financed by it and previously administered by the FMSA. At the same time, the Finance Agency will be entrusted with the sponsorship of the FMSA, which will continue to exercise independent legal supervision over the two resolution institutions, FMS Wertmanagement and Erste Abwicklungsanstalt.

November 2014

The FMSA becomes the national resolution authority in Germany. As a result, closure of the FMS for new measures as of 31 December 2015 (amendment of the FMStFG).

May 2014

The interministerial steering committee and the general meeting of Hypo Real Estate Holding AG decide to prepare for the takeover and winding up of Deutsche Pfandbriefbank (DEPFA) Bank plc. by the federally owned FMS Wertmanagement.

December 2012

The Third Financial Market Stabilisation Act (FinStabG) extends the deadline for applying for financial market stabilisation measures once again until the end of 2014. In addition, the restructuring fund can now be used to offset losses from future stabilisation measures granted by the FMS.

February 2012

The Second Financial Market Stabilisation Act allows the "reopening" of the FMS until the end of 2012.

December 2010

The deadline for applying for financial market stabilisation measures ends on 31 December 2010. The FMS continues to fulfil responsibilities based on existing stabilisation measures.

July 2010

The FMSA establishes FMS Wertmanagement (FMS-WM) at the request of the Hypo Real Estate Group on 8 July.

December 2009

The FMSA establishes the ‘Erste Abwicklungsanstalt’ (EAA) at the request of Westdeutsche Landesbank (WestLB) on 11 December 2009.

October 2009

HRE is completely taken over by the FMS on 13 October 2009.

July 2009

The Financial Market Stabilisation Development Act (FStFEntwG) paves the way for guarantees to special purpose entities and federal resolution institutions (so-called ‘bad banks’) as new instruments from 23 July 2009.

In addition, the application deadlines for FMS measures are extended to 31 December 2010, and the Federal Agency for Financial Market Stabilisation becomes a legally independent federal agency within the remit of the Federal Ministry of Finance.

June 2009

Following a capital increase on 2 June 2009, the FMS holds 90 % of HRE shares.

May 2009

After the expiry of the acceptance period for the voluntary takeover bid, the FMS holds 47.31 % of Hypo Real Estate Holding AG (HRE).

April 2009

With the Financial Market Stabilisation Supplementary Act enacted on 7 April 2009, the maximum possible term for securities issues guaranteed by the FMS is increased from 36 to 60 months. The Financial Market Stabilisation Acceleration Act (FMStBG) leads to changes in company and takeover law.

The Rescue Takeover Act (RettungsG) opens up a special route for the complete takeover of ailing financial institutions by the state. However, it was not applied.

October 2008

Entry into force of the Financial Market Stabilisation Fund Act (FMStFG) and establishment of the Financial Market Stabilisation Fund (FMS; publicly also often referred to as "SoFFin") with a total volume of € 480 bn. The FMS was initially administered by the Federal Agency for Financial Market Stabilisation (FMSA), which was founded together with the fund.