FlatexDEGIRO's BaFin Special Commissioner's Mandate Concludes

The termination of the BaFin's special commissioner's mandate at flatexDEGIRO Bank AG marks a crucial step following the resolution of significant issues identified in a 2022 audit. The mandate concluded on September 30, 2024, as announced by flatexDEGIRO AG on October 18, 2024. This decision came after a positive assessment by the commissioner and approval from the German Federal Financial Supervisory Authority (BaFin).

CEO Oliver Behrens highlighted the restructuring and strengthening of organizational processes in collaboration with BaFin, emphasizing a renewed focus on customers and growth projects. Dr. Benon Janos, Deputy CEO & CFO, noted the swift resolution of issues through team efforts exceeding some regulatory requirements.