Tag: BaFin

After the Wirecard scandal, fintech sector faces scrutiny and questions of trust

After the Wirecard scandal, fintech sector faces scrutiny and questions of trust

The summer of 2018 was a heady one to be involved in the fast-blooming fintech sector. Fresh from getting their European banking licenses, compani [...]
Wirecard scandal: Bundestag wants answers from government

Wirecard scandal: Bundestag wants answers from government

Not all of Germany's parliamentarians are enjoying their two-month summer break. The 41 members of the finance committee are meeting today to fire [...]
Wirecard executive pledges to help German prosecutors

Wirecard executive pledges to help German prosecutors

A German man who had managed the Dubai subsidiary of the online payment company Wirecard has turned himself in and is set to cooperate with German [...]
Germany to overhaul regulator after Wirecard scandal

Germany to overhaul regulator after Wirecard scandal

Germany plans to restructure its financial services regulator BaFin after the watchdog's reputation took a hit in the Wirecard scandal. "We need f [...]
Wirecard overseen by 'only one' German regulatory staffer: report

Wirecard overseen by 'only one' German regulatory staffer: report

The Frankfurter Allgemeine (FAZ) in its Sunday edition said Germany's financial supervisory agency BaFin effectively tasked only one overseer with [...]
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