Exclusive: German Finance Minister points to regulatory failures in Wirecard scandal

BERLIN (Reuters) - German Finance Minister Olaf Scholz said lawmakers need to quickly determine how to tighten regulation in the wake of an accounting scandal at payments company Wirecard that has tarnished the reputation of Germany's financial watchdog.The Wirecard case "raises critical questions about supervision of the company, in particular with regards to accounting and balance sheet control," Scholz told Reuters on Tuesday."It appears that neither auditors nor regulators were effective..