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...