On Thursday 20 December, the European Commission sent a statement of objections to four banks that were alleged to have reached an agreement between 2009 and 2015 to distort competition in the secondary market trading of supra-sovereign, sovereign and agency bonds ('SSA bonds') denominated in US dollars in the European Economic Area.
The institution fears that, in the meantime, banks, whose names have not been disclosed, have exchanged sensitive commercial information, especially via...