The Wirecard case highlights the importance of independent financial regulators for effective supervision. However, the lack of independence of national financial authorities is not a German but a European problem, argues Sebastian Mack in his policy brief.

The Handelsblatt reports on the policy brief in which the author calls for European rules on the independence, accountability and transparency of national financial regulators. A Europewide governance could strengthen the entire European financial supervisory system, says the author.

Read the full article (in German) here.

Image: CC Absolut Vision, Source: Unsplash

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