Home Banking Repairing flaws exposed by Wirecard déjà vu, New speaker confirmed for launch of Global Public Investor 2020

Repairing flaws exposed by Wirecard déjà vu, New speaker confirmed for launch of Global Public Investor 2020

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Repairing flaws exposed by Wirecard déjà vu, New speaker confirmed for launch of Global Public Investor 2020

Tuesday 21 July 2020  –  Vol.11  Ed.30.2

Commentary: Repairing flaws exposed by Wirecard déjà vu

By Ignazio Angeloni in Frankfurt

For all its peculiarities, the Wirecard scandal conveys a sense of déjà vu. This case, like others, demonstrates deep flaws in the design and conduct of financial supervision. A new system is needed where the different supervisory entities act with greater speed and effectiveness. Abuses are more likely to go unchecked if no authority feels compelled to move beyond a minimalist interpretation of its mandate. In future, taking those extra steps should not just be an option. It should be the supervisors’ duty.

Read the full commentary on the website.

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Meeting: New speaker confirmed for the launch of Global Public Investor 2020

Martin Wieland, head of market intelligence division, Deutsche Bundesbank, is a newly confirmed speaker for the launch of Global Public Investor 2020 on 29 July. He joins speakers from the World Bank Group, OECD, Banca d’Italia, PGGM, Barings, BNY Mellon, DZ BANK and Amundi. All meeting attendees will receive a copy of the GPI 2020 via email prior to the launch, with speakers focusing on how global institutions have managed the economic and financial fall-out from Covid-19.

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