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Germany plans to overhaul regulator after Wirecard scandal

German Finance Minister Olaf Scholz has announced plans to restructure financial services regulator Bafin after the body’s reputation took a blow in the scandal surrounding payment services company Wirecard. It was now the task of legislators to “review and improve the protective mechanisms,” Scholz told the Frankfurter Allgemeine Sonntagszeitung newspaper. Bafin must be given a
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