The European Commission continues to trudge through information regarding allegations of manipulation of the foreign exchange market, the regulator said Thursday, but warned the public not to expect an outcome for another several weeks.
Reports say a senior EU official told reporters that the regulator is analyzing information regarding alleged forex-rigging in addition to a separate case of claims of Swiss benchmark rate manipulation. European Commissioner Joaquin Almunia first announced late last year that authorities are reviewing the allegations on both accounts. He updated reporters on the status of those investigations on Thursday, noting that he is still working the case but it is not likely to find a resolution anytime soon.
”There is a lot of information and we are digging into the information and analyzing it and discussing it,” the EU competition chief said.
Claims of foreign exchange market rigging have prompted regulators in various jurisdictions across the globe to investigate the matter, including in Germany.
Full content: Yahoo Finance
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 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