Globe and Mail: Germany’s top financial regulator quits in wake of Wirecard scandal

A press review featuring Fabio De Masi

Jan 30th, 2021

Globe and Mail: Germany’s top financial regulator quits in wake of Wirecard scandal

 

"Felix Hufeld will leave the helm of Germany’s financial watchdog BaFin after coming under pressure for failing to spot wrongdoing ahead of the collapse of the payments company Wirecard (...)

Fabio de Masi, a German lawmaker who is participating in a parliamentary inquiry into Wirecard, said Mr. Hufeld’s departure was “long overdue.”

“It can’t be explained why Mr. Scholz waited weeks and months to make this decision,” Mr. de Masi said. (...)"