Work Area: Banking Regulation

Israel conditionally clears credit card buyout

Israel’s Competition Authority has conditionally approved an insurance provider’s €721 million acquisition of a private-equity owned credit card company, albeit without raising any concerns about competition in the market.

13 February 2023

EU sends SO to banks in third bond cartel probe after settlement talks fail

The European Commission has accused Deutsche Bank and Rabobank of exchanging commercially sensitive information and coordinating the prices of several Euro-dominated bonds for 11 years after settlement negotiations broke down.

06 December 2022

Fintech disrupting competitive landscape in banking sector, Treasury report says

The rise in upstart financial technology companies is putting competitive pressure on an increasingly concentrated banking industry, the Department of Treasury has said.

17 November 2022

Chile requires Visa and Mastercard to alter business practices with rare market rules

Chile’s competition tribunal has banned Visa and Mastercard from requiring the country’s merchants to accept both their brands as part of a sweeping order aimed at spurring competition in the national card payment market.

18 August 2022

French court quashes cheque-processing cartel fines for a second time

A French appellate court has again overturned fines imposed on 10 banks for agreeing to raise cheque processing charges, ruling that the country’s antitrust authority failed to prove the existence of any by-object infringement.

07 December 2021

UK open banking chair resigns as CMA oversight failures slammed

The UK’s Competition and Markets Authority is partly to blame for the failings in governance at the open banking regulator it oversees, which in turn had a “culture of bullying and intimidation”, an independent report has concluded.

04 October 2021

Spain probes four banks for tying covid-relief loans

Spain’s antitrust authority has launched an investigation into some of the country’s biggest banks for allegedly tying certain products or services with covid-19 relief loans provided to companies or freelance workers.

16 June 2021

Lloyds caught bundling loans and bank accounts during pandemic

The UK’s competition enforcer has censured Lloyds Banking Group for unlawfully making small business owners open business bank accounts to access a coronavirus-related government loan scheme.

08 September 2020

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