Bundestag news and trends

BaFin Head Says Regulator Had Limited Ability To Regulate Wirecard

July 01, 2020
The president of Germany’s financial watchdog agency defended its actions in the Wirecard AG case where $1.2 billion in deposits went missing.
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BaFin Head Says Regulator Had Limited Ability To Regulate Wirecard

July 01, 2020
The president of Germany’s financial watchdog agency defended its actions in the Wirecard AG case where $1.2 billion in deposits went missing. Felix Hufeld, head of the Federal Financial Supervisory Authority, known as BaFin, denied that its regulators failed to investigate Wirecard in what has become the nation’s biggest financial scandal, the Financial Times reported. […]