in The European Union this summer, your own rules, take a look at it to make sure that there will be no new Wirecard-scandal-could take place. That said the european commissioner Valdis Dombrovskis (Economy) on Friday. The German payment provider Wirecard ended up just recently on the verge of bankruptcy, when it was found out that there is cheating with the numbers.
The abuse at Wirecard came out last month in the light, and when the accounting firm ernst & young to a tiny € 2 billion on the balance sheet will not be able to explain the difference. The ex-officer has now been arrested on suspicion of accounting fraud.
with The collapse of the betaaldienstverlener is ten years after the first allegation of fraud on the part of investors as well as journalists, so the question arises as to why the regulators, the fraud was not met. "We're going to see how we use the relevant European regulation can improve these things at an earlier stage in the collar, and to be able to grasp it," said Dombrovskis.
One of the reasons for the problems with Wirecard has not previously come to light, that is, the betaaldienstverlener between the shore and the ship seems to be covered in terms of monitoring. Wirecard enters the electrical payment, but it is also the owner of a bank, in which there are uncertainties that should have been about who is in the business to look at was to love.
in The past few weeks, the German financial regulator, BaFin, and accountantstoezichthouder FREP, under fire, to be placed, through their role in the Wirecard affair. Both BaFin as a FREP checked Wirecard.