EU assessing supervisors’ responsibilities over Wirecard scandal

The European Commission has asked the bloc’s market regulator to assess the responsibilities of financial supervisors in the scandal that led to the collapse of German fintech firm Wirecard, the EU executive’s vice-president said on Friday.

Valdis Dombrovskis told a news conference that the analysis should focus on what happened regarding Wirecard’s bankruptcy, including “the adequacy of supervisors’ response to the events leading to the collapse of Wirecard.”