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Europe Daily Bulletin No. 11246

5 February 2015
ECONOMY - FINANCE - BUSINESS / (ae) competition
Price manipulation - ICAP fined (€14.9 million)

Brussels, 04/02/2015 (Agence Europe) - On Wednesday 4 February, the European Commission decided to fine the UK-based broker ICAP €14.9 million for facilitating six of the seven cartels discovered on the derivatives market for yen interest rates. The Commission presented its objections in June 2014 and ICAP opted not to settle the case with the Commission.

In December 2013, the Commission uncovered seven separate bilateral infringements in the yen interest rate derivatives market, which...

Contents

A LOOK BEHIND THE NEWS
ECONOMY - FINANCE - BUSINESS
INSTITUTIONAL
SECTORAL POLICIES
SOCIAL AFFAIRS - CULTURE
EXTERNAL ACTION