A PYMNTS Company

Switzerland: Nation shakes hands with EU to boost competition

By  |  May 20, 2013

The competition regulators of Switzerland and the European Union have made an agreement to strengthen ties between antitrust regulators that will allow the two to exchange information gathered during probes launched by the watchdogs. The Swiss Competition Commission and the European Commission announced the agreement in a move to, according to European Commissioner Joaquin Almunia, fight the cross-boarder effects of anticompetitive practices; the agreement will lead to “more effective” regulators, said Almunia. Specific terms of the agreement includes methods for cooperation between the two watchdogs for enforcement activities and outlines the implementation of competition rules, among other agreements.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: New Europe

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.