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BaFin reforms must go further - Ignazio Angeloni - OMFIF

In the aftermath of the Wirecard scandal, Germany has an opportunity to reform BaFin, its financial supervisory authority, and help boost regulation and governance across the European Union. The Bundestag is considering a bill that would reform corporate auditing processes, eliminate the role of the financial reporting enforcement panel and strengthen the supervisor’s investigatory powers. BaFin will also get new senior management after its chief, Felix Hufeld, and his deputy, Elisabeth Roegele, resigned at the end of January.

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