Bundesbank Missed Chance to Push Back on Wirecard Short Ban (2)

March 5, 2021, 4:03 PM

Germany’s central bank passed up a chance to push back forcefully against a 2019 ban on bets against Wirecard AG shares, after judging the matter not to be its responsibility.

After Vice President Claudia Buch spoke to her counterpart at market regulator BaFin in February 2019, the Bundesbank opted not to share its own internal judgment on why a short sale prohibition wasn’t necessary, according to briefing documents for a parliamentary hearing on Wirecard seen by Bloomberg.

Wirecard’s share price whipsawed in 2019 on media reports of accounting irregularities only to collapse the following year after saying that 1.9 billion ...

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