Opinion: Wirecard fraud shows it's time to regulate the regulators Germany's Wirecard debacle is just one example of a scandal that could have been avoided if those in charge of oversight had actually done their job, says Kate Ferguson. The Wirecard collapse is the most recent example of oversight failure in Germany What would you do if you were confident you could get away with it? Perhaps you'd rob a bank, or have a wild affair. Or maybe you'd subsist on nothing but candy floss for the rest of your life. The chances are you won't, though. The risk of being arrested, destroying your marriage or becoming a diabetic are simply too high.