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The German financial regulator BaFin, under chief Mark Branson, has acknowledged past failures in overseeing Wirecard and claims to have transformed into a more proactive institution since the company’s collapse in 2020. With enhanced powers and a focus on cryptocurrencies, BaFin aims for smarter regulation while addressing past shortcomings and restoring trust in German capital markets.
Explain It To Me Like I’m 5: BaFin, Germany’s financial watchdog, has learned from its mistakes after the Wirecard scandal and is now more proactive in making sure companies follow the rules and keeping people’s money safe.
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