Press Release: Antitrust: Commission fines broker ICAP € 14.9 million for participation in several cartels in Yen interest rate derivatives sector

Author (Corporate)
Series Title
Series Details IP/15/4104 (04.02.15)
Publication Date 04/02/2015
Content Type

The European Commission fined the UK based broker ICAP € 14 960 000 for having breached EU antitrust rules by facilitating several cartels in the sector of Yen interest rate derivatives (YIRD). In December 2013, the Commission already imposed fines on a number of major banks that decided to settle the case with the Commission.
Source Link Link to Main Source http://europa.eu/rapid/press-release_IP-15-4104_en.htm
Related Links
ESO: Background information: Press Release: Antitrust: Commission sends Statement of Objections to ICAP for suspected participation in yen interest rate derivatives cartels http://www.europeansources.info/record/press-release-antitrust-commission-sends-statement-of-objections-to-icap-for-suspected-participation-in-yen-interest-rate-derivatives-cartels/
ESO: Background information: Antitrust http://www.europeansources.info/record/website-antitrust/
Subject Categories
Countries / Regions ,