Global Investigations Review - The law and practice of international investigations

Wirecard saga exposes cracks in German financial regulation

By Will Barbieri

02 July 2020

Wirecard saga exposes cracks in German financial regulation Wirecard (Credit: commons.wikimedia.org/Kaethe17)

German payment company Wirecard’s €2 billion accounting scandal illuminates some of the country’s supervisory shortcomings but criticism of the financial regulator could be misplaced.