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Europe Daily Bulletin No. 10477

20 October 2011
Contents Publication in full By article 27 / 32
GENERAL NEWS / (ae) eu/competition
Searches made in banks active in derivatives

Brussels, 19/10/2011 (Agence Europe) - On Wednesday 19 October, the European Commission confirmed that the competition services had been carrying out unannounced inspections since the previous day “in certain member states”, in the premises of financial institutions active in financial derivative products linked to the Euro Interbank Offered Rate. It has suspicions that the companies in question may have broken competition rules banning cartels and other restrictive commercial practices....

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