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Fideres Writes To The European Commission To Flag The Anticompetitive Implications Of IBAN Discrimination
Fideres flags the anticompetitive implications of IBAN discrimination with the European Commission.
Fideres has provided a written response to the FSB Consultation for the reformation of the foreign exchange WM/Reuters fixing. Fideres is broadly supportive of the proposal but recommends that further work needs to be done in particular to address the risk of front running ahead of the fixing window. We also think that some of the proposed reforms may have the perverse effect of increasing transaction costs for users of the fixing and in this way defeat the aim of the reforms.
To access Fideres’ full response, please click here.
Fideres flags the anticompetitive implications of IBAN discrimination with the European Commission.
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The Italian law firm Scoccini & Associati and the Spanish law firm CCS Abogados, supported by the litigation fund ALI – Antritrust Litigation...
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