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ICAP

EU Watchdog Fines ICAP $7.9M For Yen Cartel
 |  May 30, 2021

EU antitrust regulators fined the world’s largest interdealer broker ICAP €6.45 million (US$7.9 million) for taking part in several yen interest rate derivatives cartels, reported Reuters. The European Commission had fined ICAP €14.9 million in 2015 but Europe’s second top court in 2017 dismissed part of the regulatory ruling and scrapped the fine, citing flaws […]

C‑39/18P, Commission v. Icap Management Services: The Rights of Defense in a Dissuasive Fining System
 |  Aug 11, 2019

August 2019 CPI EU News Column edited by Thibault Schrepel, Sam Sadden & Jan Roth (CPI) presents: C‑39/18P, Commission v. Icap Management Services: The Rights of Defense in a Dissuasive Fining System By Godefroy de Moncuit (Business Law and New Technologies Center)1 Summary On July 10, 2019, the European Court of Justice (“CJEU”) dismissed the Commission’s […]

EU: ICAP wins again in fight against antitrust fine
 |  Jul 10, 2019

ICAP, the world’s biggest inter-dealer broker, won on Wednesday, July 10, another victory against a €14.9 million (US$16.8 million) fine from the EU’s antitrust regulator, when Europe’s top court threw out an appeal by the watchdog. Two years ago, a lower tribunal dismissed part of the regulatory ruling and scrapped the fine, citing flaws in […]

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