A PYMNTS Company

European Commission investigating Libor derivatives trading

 |  February 20, 2012

The European Commission is investigating possible collusion between companies involved in derivatives trading based on Libor. EC Spokesperson Antoine Colombani stated that the probe has been ongoing for several months, for multiple currencies.

Barclays, HSBC, and Royal Bank of Scotland have confirmed that they were questioned by the Commission.

Source: Bloomberg


Related content: Why and How to Use Empirical Screens in Antitrust Compliance (Rosa Abrantes-Metz, Global Economics Group, NYU Stern School of Business)