Antitrust Antitrust

Comment: Banks' defenses in UK mass claims may need to address alleged 'tacit' forex collusion

By Simon Zekaria
  • 08 Sep 2021 10:19
  • 08 Sep 2021 10:19
Should banks including Barclays, Citibank, JPMorgan Chase and UBS face UK mass damages litigation over a foreign-exchange currency cartel, they could be tested by knotty arguments that their collusion was "tacit" as well as explicit.

The nature of the cartel behavior emerged as a focal point for the scope of an

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Simon Zekaria

Senior Correspondent


Simon Zekaria is a senior correspondent in London, covering UK regulation. Prior to joining MLex, Simon reported on business news for The Wall Street Journal, including on telecommunications, media, technology and consumer affairs. Simon was also a writer for the WSJ on diverse subjects such as Brexit, UK politics and global sport. Simon was previously a correspondent on competition issues and European politics for Thomson Reuters and Agence France-Presse in Brussels. Simon is a graduate of Edinburgh University, with Masters degrees in literature and law. A French speaker, he has studied at the Sorbonne University, Paris.

Discover MLex

Stay on top of global regulatory developments

Latest News