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Wirecard affair: the endless setbacks of German finance

June 29, 2020 | Publications

Alain Clot, President of France FinTech  was interviewed by Muriel Motte for the Opinion following the Wirecard affair in Germany.
Extract below

"The regulator has clearly become an element of the attractiveness of a market," underlines Alain Clot, president of France FinTech. A financial service is a service, coupled with regulations intended to protect the consumer. With its “regulatory passport”, Europe covers more than 80% of the subject. But it is up to each country to approve and control the players in finance. The quality of the local regulators, the way they operate, all of this comes into play in the competition in which the large markets are engaged. "

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