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Germany’s BaFin after Wirecard: Reforming the Regulator

by Starling Insights

Starling Insights Editorial Board

Apr 05, 2021

Observations

German Finance Minister Olaf Scholz wants to reform the Federal Financial Supervisory Authority (BaFin) at a fundamental level, to make the regulator more flexible and effective.

After being roundly criticized for its perceived failure in connection with the Wirecard scandal. BaFin is to be given the authority to focus more heavily on preventive action and to investigate suspicious cases more swiftly.

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Germany’s BaFin after Wirecard: Reforming the Regulator

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