European Commission Settles Two Swiss Franc-Related Derivatives Investigations
Posted 10/29/14
A View from Constantine Cannon’s London Office
By Ana Rojo Prada and James Ashe-Taylor
The European Commission has settled two cartel investigations and sanctioned four major banks in the Swiss Franc-related derivatives market, imposing total fines of approximately 94 million euros, for violations of European Union antitrust rules.
Interest rate derivatives (including swaps, futures and options) are...