Brussels, 01/07/2013 (Agence Europe) - On 1 July 2013, the European Commission sent a statement of objections to 13 investment banks as well as to the International Swaps and Derivatives Association (ISDA) and data service provider Markit, accusing them of colluding to prevent exchanges from entering the credit derivatives business.
After an investigation launched in April 2011, the European Commission says that the banks in question (Bank of America-Merrill Lynch, Barclays, Bear Stearns,...