Financial Times: BaFin bosses forced out over handling of Wirecard scandal

A press review featuring Fabio De Masi

Jan 29th, 2021

Financial Times: BaFin bosses forced out over handling of Wirecard scandal[1]

 

"Felix Hufeld, head of Germany’s financial watchdog BaFin, and his deputy Elisabeth Roegele have been pushed out over their handling of the Wirecard scandal, the worst accounting fraud in the country’s postwar history. (...)

Fabio De Masi, an MP for the hard-left Die Linke party, called Mr Hufeld's departure “overdue”, and said the position of his deputy, Ms Roegele, had also become “untenable”. As the head of BaFin’s securities department, she was behind the controversial decision to ban the short selling of Wirecard shares in 2019. (...)"

Links:

  1. https://www.ft.com/content/4f948457-678e-485c-92f7-2837064a5010