BaFin

Germany’s Financial Regulator Exec Won’t Resign Over Wirecard Scandal

Germany’s Financial Regulator Exec Won’t Resign Over Wirecard Scandal
Germany’s Financial Regulator Exec Won’t Resign Over Wirecard Scandal
September 02, 2020  |  Cybersecurity

Despite calls for his resignation in the wake of the Wirecard AG scandal, the president of the German Federal Financial Supervisory Authority (BaFin) has refused to...

READ MORE >
BaFin Downplayed Wirecard Complaints, Report Says
BaFin Downplayed Wirecard Complaints, Report Says
July 16, 2020  |  Cybersecurity

German market watchdog Federal Financial Supervisory Authority, or BaFin, has come under fire for its actions in the Wirecard scandal, as the regulator reportedly failed...

READ MORE >
Germany’s BaFin Deepens Investigation Into Potential Wirecard Insider Trading
Germany’s BaFin Deepens Investigation Into Potential Wirecard Insider Trading
July 15, 2020  |  Cybersecurity

BaFin is broadening its probe regarding potential insider Wirecard stock trading to encompass all those who served on the supervisory and management boards of the payment firm...

READ MORE >
EU To Examine German Regulators’ Oversight Of Wirecard
EU To Examine German Regulators’ Oversight Of Wirecard
July 15, 2020  |  Legal & Regulation

The European Securities and Markets Authority (ESMA), the European Union’s (EU) financial watchdog, plans to examine how German regulators handled oversight of Wirecard AG, the collapsed...

READ MORE >
Wirecard Probe Pushes German Government To Release Talks With CEO
Wirecard Probe Pushes German Government To Release Talks With CEO
July 12, 2020  |  Cybersecurity

Lawmakers are urging German Chancellor Angela Merkel to release transcripts of conversations between Deputy Finance Minister Jörg Kukies and former Wirecard CEO Markus Braun, as...

READ MORE >
Germany’s Financial Regulator Calls Wirecard Scandal ‘Criminal’
Germany’s Financial Regulator Calls Wirecard Scandal ‘Criminal’
July 02, 2020  |  Cybersecurity

The president of the Federal Financial Supervisory Authority (BaFin), Germany’s financial regulator, said the $2.1 billion accounting scandal at the center of Wirecard AG’s insolvency was a...

READ MORE >
Today In Payments: Big Tech CEOs Face Congress; Venmo Pilots Business Payments For Micro SMBs
Today In Payments: Big Tech CEOs Face Congress; Venmo Pilots Business Payments For Micro SMBs
July 02, 2020  |  News

In today’s top news, the CEOs of the four biggest tech companies will testify before Congress over antitrust issues, and Venmo introduced business payments for...

READ MORE >
Wirecard Saga Reignites Debate Over Auditors’ Role In Combatting Fraud
Wirecard Saga Reignites Debate Over Auditors’ Role In Combatting Fraud
July 02, 2020  |  B2B Payments

As the fallout from Wirecard‘s $2 billion accounting scandal continues, some attention has turned to the Germany-based payment company’s auditor, Ernst & Young (EY). Get...

READ MORE >