Tag: #Wirecard

ESMA Report on Wirecard Scandal

by Martin Banks 0 Comments

The European Securities Markets Authority (ESMA) has presented its long-awaited report on the role of the German financial supervisor BaFin and the German Financial Reporting Enforcement Panel (FREP) in the Wirecard accounting scandal.  In Germany, BaFin and FREP are jointly responsible for the enforcement of financial reporting. ESMA publishes guidelines aimed at harmonising enforcement throughout…

German Wirecard scandal

by Martin Banks 0 Comments

The European Parliament has called for tough examination of the Wirecard scandal and the failure of German supervisor BaFin. The Legal Affairs Committee and the Economic and Monetary Affairs Committee of the European Parliament have sent a joint letter to the EU Commission on Wirecard and European auditing rules.  The letter was prepared by the…