After Wirecard, Germany's DAX index may be expanded to 40 companies

Weimer has since changed rules to allow for a quicker expulsion of companies in the wake of the scandal.

Germany's blue-chip DAX index should expand to 40 from 30 companies with tougher membership criteria, exchange operator Deutsche Boerse said on Monday while outlining proposed reforms in the wake of the Wirecard accounting scandal.
 
In a set of proposals published on its website, Deutsche Boerse also suggested index bans for companies that fail to submit quarterly figures on time.
 
“It is no secret that I personally would welcome the expansion of the DAX 30 to a DAX 40,” Deutsche Boerse Chief Executive Theodor Weimer said in an emailed statement.
 
Since its founding in 1988, the DAX has