Europejski Urząd Nadzoru Giełd i Papierów Wartościowych (European Securities and Markets Authority - ESMA), Raport z kontroli następczej dotyczącej szybkiej procedury recenzji rówieśniczej w zakresie stosowania wytycznych dotyczących egzekwowania informacji finansowych przez BaFin i FREP w kontekście Wirecard (ESMA42-111-5349)

18 July 2024

ESMA42-2004696504-7690

Follow-up Report

to the fast-track peer review on the application of the guidelines on the enforcement of financial information by BaFin and FREP in the context of Wirecard (ESMA42-111-5349)

1 Executive Summary

In November 2020, following a request from the European Commission, ESMA published a Fast Track Peer Review (FTPR) Report which examined how BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) and FREP (Financial Reporting Enforcement Panel) had supervised the financial information of Wirecard, a fintech company included in the German DAX 30 index, which collapsed in June 2020.

As enforcement of financial information (EFI) in the European Union has to be carried out in accordance with ESMA’s Guidelines (GL) on Enforcement of Financial Information (GLEFI) , the FTPR assessed BaFin and FREP’s supervisory activities of Wirecard with respect to the following aspects of the GLEFI: resources (GL2), independence from issuers and government (GL3),...