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Watchdog, Bafin

FINMA chief to head up German financial watchdog BaFin: Handelsblatt

FINMA chief to head up German financial watchdog BaFin: Handelsblatt

22/3/2021 1:55:00 PM

FINMA chief to head up German financial watchdog BaFin: Handelsblatt

Mark Branson, the head of Switzerland's financial markets regulator FINMA , is to be named the new President of German financial watchdog BaFin, ...

BusinessMark Branson, the head of Switzerland's financial markets regulator FINMA, is to be named the new President of German financial watchdog BaFin, German daily Handelsblatt reported on Monday, citing government sources.FILE PHOTO: Swiss Financial Market Supervisory Authority (FINMA) Chief Executive Mark Branson attends a news conference in Bern, Switzerland March 27, 2018. REUTERS/Stefan Wermuth

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22 Mar 2021 06:25PMShare this contentBookmarkBERLIN: Mark Branson, the head of Switzerland's financial markets regulator FINMA, is to be named the new President of German financial watchdog BaFin, German daily Handelsblatt reported on Monday, citing government sources.

Current president Felix Hufeld is leaving BaFin at the end of the month after coming under pressure for failing to spot wrongdoing ahead of the collapse of the payments company Wirecard.AdvertisementAdvertisementFINMA declined to comment. BaFin was not immediately available for comment. headtopics.com

(Reporting by Riham Alkousaa; Additional reporting by Oliver Hirt and Tom Sims; Writing by Maria Sheahan; Editing by Riham Alkousaa) Read more: CNA »

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