UBS has conditional immunity from the Swiss Competition Commission for its investigation into banks’ possible manipulation of Libor rates. Immunity protects UBS from facing prosecution, fines, or other sanctions.
UBS has also announced that it was granted immunity from the U.S. Department of Justice for its cooperation with its probe into the Yen Libor and Euroyen Tibor.
Other antitrust regulators probing Libor rates include the U.S. Securities and Exchange Commission, the U.S. Commodity Futures Trading Commission, Japan’s Financial Supervisory Agency, the U.K. Financial Services Authority, and European Union regulators.
Source: Bloomberg
Related content: U.S. and EU Antitrust Enforcement: What Role in a More Heavily Regulated Financial Sector? (Todd Fishman, David Gabathuler & Olivier Fréget, Allen & Overy)
Featured News
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI