mbreitfelder
1st Lieutenant
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Why was BaFin involved then? Who is supposed to be regulating them?? The EU is coming after BaFin, is BaFin only over banks? Do PSPs fall into cracks?
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Why was BaFin involved then? Who is supposed to be regulating them?? The EU is coming after BaFin, is BaFin only over banks? Do PSPs fall into cracks?
Damage control by the state?
Lucky we have Reuters, always thought Frankfurt ECB was Germany’s Central Bank
https://uk.reuters.com/article/wire...undesbank-on-wirecard-decisions-idUKL8N2E844F
....pulling out some kind of Emergency Checklist once the machinery had crashed, typical then you have Bernanke years later wondering why no one was jailed
Nope, our central bank always been the Bundesbank. The ECB is the central bank for the EU. They just have an office in Frankfurt. The financial regulator for Germany is the BaFin, for the EU it's ESMA.