New Bafin president takes up role


Mark Branson began his role as the president of Germany’s financial supervisor on August 2, after seven years leading the equivalent agency in Switzerland.

German finance minister Olaf Scholz announced Branson would lead the Federal Financial Supervisory Agency, or Bafin, in March, pledging he would reform the much-criticised agency. In January, Scholz dismissed the then-head of Bafin, Felix Hufeld, and his deputy Elisabeth Roegele, over their handling of the Wirecard scandal.

Scholz laid out

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