Germany

BaFin Downplayed Wirecard Complaints, Report Says

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...

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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...

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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...

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Today In Payments: OCC Says Banks Can’t Hide Under Cover Of COVID; Smartphone Demand Slips 16 Pct In China
Today In Payments: OCC Says Banks Can’t Hide Under Cover Of COVID; Smartphone Demand Slips...
July 13, 2020  |  News

In today’s top news, the OCC says bank regulation waivers will not continue indefinitely, and smartphone sales have dropped 16 percent in China. Plus, 80...

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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...

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Irish Police Raid Wirecard’s Dublin Offices 
Irish Police Raid Wirecard’s Dublin Offices 
July 09, 2020  |  News

The investigation into Wirecard AG, the German electronic payment transfer company, has expanded to Ireland. Get the Full Story Complete the form to unlock this...

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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...

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Germany’s Deutsche Bank Offers A Lifeline To Wirecard Bank
Germany’s Deutsche Bank Offers A Lifeline To Wirecard Bank
July 02, 2020  |  Banking

Deutsche Bank, the Frankfurt-based multinational financial services company, is in talks with regulators to rescue Wirecard Bank, the deposit-taking division of the German payment company that...

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