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Europe Daily Bulletin No. 11097

11 June 2014
ECONOMY - FINANCE - BUSINESS / (ae) antitrust
Commission informs ICAP that it may have broken law

Brussels, 10/06/2014 (Agence Europe) - On Tuesday 10 June, the European Commission announced that it has informed the UK-based broker ICAP of its preliminary view that it may have breached EU antitrust rules by facilitating several cartel infringements in the market for interest rate derivatives denominated in yen. Interest rate derivatives (e.g. forward rate agreements, swaps, futures and options) are financial products which are used by banks or companies for managing the risk of interest...

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