In today’s edition of Daily Compliance News:
Tag: BaFin
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Who Watches the Watchers?
Welcome to the latest edition to the Compliance Podcast Network, The Wirecard Saga. In this series, I am joined by Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors. In this episode, we take a deep dive into the conflicts of interest by German regulators who were investing in Wirecard while (allegedly) regulating it, EY clams up, whistleblowers and investigating crimes or not; all in the Who Watches the Watchers edition.
Some of the highlights include:
- Current events;
- Head of APAS invests in Wirecard and the Investigative Committee is Astonished;
- What is a Conflict of Interest after all and does hindsight affords clear vision?
- EY is certainly economical with the truth;
- Germany’s two-tier system, drowning in risk pools and regulators don’t read;
- Whistleblowers galore (but not enough for the 12 Days of Christmas);
- BaFin-detecting crime is not our remit; and
- What were all the missed opportunities.