Antitrust Antitrust

Comment: Low fines for first EU bond cartel reveal niche market

By Lewis Crofts
  • 28 Apr 2021 15:03
  • 28 Apr 2021 15:33
Bank of America Merrill Lynch and Credit Suisse today bore the brunt of EU fines for running a cartel on the market for supra-sovereign bonds, but the total 28 million euro penalty is a fraction of the sanctions levied for similar banking cartels related to benchmark rates and foreign exchange.

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Lewis Crofts


Lewis leads MLex's editorial strategy, content direction, quality and development. He has a reputation for breaking stories and providing analysis on complex legal disputes before regulators and courts around the globe. He has also developed MLex's unrivalled coverage of competition policy, litigation, regulation, Brexit and international investigations.

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