Wirecard scandal will drive supervision overhaul, says EU economy chief

Valdis Dombrovskis said Brussels was exploring how to reinforce the role of audit committees at listed companies © John Thys/Pool/EPA/Shutterstock

The Wirecard scandal will galvanise efforts by Brussels to upgrade EU level financial supervision, according to one of the bloc’s top officials, who said the company’s downfall showed the need for stronger defences against fraud.