Industry Updates

Deutsche Boerse considers revising DAX rules following Wirecard scandal

Tom Eckett

a building with trees in front of it

Deutsche Boerse could be set to make a number of changes to Germany’s flagship index following the dramatic collapse of Wirecard.

Last week, the German payment processor saw its share price fall 98% overnight after its auditor EY found a €1.9bn hole in its balance sheet.

The German lender is the first member of the blue-chip index to go out of business just two years after being included in September 2018.

Deutsche Boerse said it will consult with market participants on the proposals for changes to the DAX rulebook.

“Trust in the capital markets has obviously suffered in recent days,” the firm said in a statement.

“We have decided to intensively analyse and revise the rules and regulations with the involvement of the regulators, as well as the rules for membership of the DAX family.”

Deutsche Boerse launches financial intelligence company following Axioma acquisition

The DAX, which trades on the Frankfurt Stock Exchange, comprises of Germany’s 30 largest companies by market capitalisation and liquidity.

Sign up to ETF Stream’s weekly email here

Featured in this article

Logo for Deutsche Boerse


No ETFs to show.