Category: Anti-Trust and Competition Training

Why do you need competition law training?

Back in 2013, the European Commission fined a group of six high-profile financial institutions for "participating in cartels in the interest rate derivatives industry,” according to  a European Commission press release. Eight firms were initially fined, with two ultimately escaping punishment, for rigging financial benchmarks of the London interbank offered rate (Libor), the Tokyo interbank offered rate and the euro area equivalent (Euribor). The derivatives are used to manage the risk of fluctuations in interest rates and are pivotal to the global economy.