Tuesday, November 29, 2022

EU Evaluating Supervisors’ Functions for Wirecard Scandal

By ET Bureau - July 13, 2020 1 mins read

The European Commission requested the trade bloc regulator to evaluate the responsibilities of the financial supervisors in the recent Wirecard scandal. Valdis Dombrovskis, the executive VP of the EU has announced that the analysis would focus on what happened regarding the bankruptcy.

The German prosecutors have probed fraud, market manipulation, and balance falsification against Wirecard. It has led to the fall of the German FinTech firm, and as a result, Germany is changing its national oversight laws.

Source: Reuters



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ET Bureau

The Enterprise talk Bureau has five well-trained writers and journalists, well versed in B2B enterprise technology industry, and constantly in touch with industry leaders for the latest trends, opinions, and other inputs- to bring you the best and latest in the domain.

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