Antitrust: Commission fines investment banks € 371 million for participating in a European Governments Bonds trading cartel. The European Commission has found that Bank of America, Natixis, Nomura, RBS (now NatWest), UBS, UniCredit and WestLB (now Portigon) have breached EU antitrust rules through the participation of a group of traders in a cartel in the primary and secondary market for European...

EC - European Commission

Antitrust: Commission fines investment banks € 371 million for participating in a European Governments Bonds trading cartel. The European Commission has found that Bank of America, Natixis, Nomura, RBS (now NatWest), UBS, UniCredit and WestLB (now Portigon) have breached EU antitrust rules through the participation of a group of traders in a cartel in the primary and secondary market for European Government Bonds (‘EGB').

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Published on May. 20th, 2021 Published on May. 20th, 2021

Scenario: Conduct / Anticompetitive and manipulative practices

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Sept. 20th, 2021

ORX Forum

ELSEWARE/MSTAR will be speaking on climate stress on operational risk at the ORX forum on September 23. In particular, we will be presenting the work we have done on this topic with the American Bankers Association and a group of banks.