Wirecard: eu commission turns on european financial supervision

Wirecard: EU Commission turns on European financial supervision

In the wirecard scandal, the EU commission now turns on the european financial supervision ESMA. The overseers should take the collapse of the munchner payment service provider and possibility of the supervisory authorities. To 15. July should be a leading examination report. This is apparent from a letter from the commission to the ESMA that the DPA is.

Wirecard had put bankruptcy on thursday. Background is a mutual fraud scandal for air bookings in high 1.9 billion euros. The economic supporting company ey, who prudent the 2019 financial statements, goes from severe crimetat in the global mabboat.

Protection for investors

In the letter from the EU commission to ESMA (european securities and market affairs) in paris, it is necessary to know a comprehensive description and analysis of events and a conveying whether the response of the supervisory authorities was appropriate. In germany, the federal institute for financial services supervision (bafin).

The ESMA must view the incident from the point of view that EU investors were comprehensive when investing in companies listed in the regulated market in the EU is in writing. This is also important for possibility more steps. The letter was written by the statigen directorate-general for financial market stability of the commission, directed to ESMA boss steven maijoor.

On the borse it had come to panic care because of the scandal. Wirecard shares dazzen. Among the sufferers who are now sitting on almost worthless papers are very many small actions.