Financial Services Financial Services

Wirecard scandal points to EU-level payments supervision, German official says

By Jack Schickler
  • 23 Jun 2020 10:54
  • 23 Jun 2020 10:54

The Wirecard saga underlines the need for single European supervision of critical payments infrastructure, a senior German finance ministry official has said. 

A collapse in confidence in the German payment company, which yesterday admitted that 1.9 billion euros ($2.2 billion) in cash thought to be housed in two Philippines banks did

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