Germany Taps Swiss Expert To Fix Broken Watchdog
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May 06, 2021
In August, Mark Branson will officially take the helm of Bafin, the German finance watchdog. The British-turned-Swiss banker is once again called to the rescue to clean up and supervise a federal agency that has become too cozy with the financial institutions it regulates. Bafin failed to foresee the collapse of the payment company Wirecard.
Branson, 52, knows the banking industry inside out and has had international executive experience with UBS and Credit Suisse in Tokyo, London and Zurich. He is known for fighting money laundering and for his supervision of tax regularization. He also is uniquely qualified in rehabilitating failing financial watchdogs.
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