EU probes some financial services firms over possible antitrust violations
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
THE European Commission said on Monday it has conducted unannounced inspections at financial services companies in two member states over possible breaches of antitrust regulations.
“The Commission has concerns that the inspected companies may have violated EU antitrust rules that prohibit restrictive business practices,” it said in a statement.
It did not specify which companies, or how many, had been inspected or which two countries were affected but said the products being looked into are financial derivatives.
If the inspections reveal violations of EU antitrust laws, it could trigger formal investigations and significant fines for the companies involved. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
