Financial supervision post Wirecard – Time for a new paradigm

Gerhard Schick and Martin Hellwig presented their suggestion of a paradigm change in German financial supervision on the VIII. New Paradigm Workshop.

 

Does financial supervision not need a completely new self-image after all the scandals surrounding Wirecard and others – a new paradigm beyond the old proximity to the praised financial markets. This was the suggestion of Gerhard Schick and Martin Hellwig. Afterwards, Jörg Kukies, State Secretary at the Federal Ministry of Finance, and economist Daniela Gabor from Bristol commented on this suggestion. The moderator was Olaf Storbeck from the FT, which was instrumental in triggering the Wirecard scandal.

Rewatch the whole session here:

Slides of Martin Hellwig and Gerhard Schick:

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