German Lawmakers Probing Wirecard Say Top Watchdogs Should Quit
- BaFin head Hufeld, deputy Roegele under fire over collapse
- Officials criticized for not detecting Wirecard woes earlier
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German opposition lawmakers probing the collapse of Wirecard AG renewed their calls for top officials at the country’s financial regulator to resign over their apparent failings in the scandal.
BaFin President Felix Hufeld and his deputy Elisabeth Roegele should step down to help drive reforms of the watchdog, Fabio De Masi of the Left party and Florian Toncar of the liberal Free Democrats said Wednesday. Germany’s election in September has raised the stakes in the parliamentary hearing as lawmakers ask why Wirecard’s wrongdoing wasn’t uncovered earlier.