Category: Global Blogs

Germany: Financial authority forex probe ‘much bigger’ than Libor (Competition Policy International)

Germany’s financial regulator, known as Bafin, announced this week that it has discovered evidence of manipulation of the foreign exchange market and that its investigation is “much, much bigger” than that conducted into Libor benchmark manipulation.

The authority confirmed that its probe has widened to include even more banks and fines …read more

Hong Kong: New competition regime chooses first order of business (Competition Policy International)

As Hong Kong’s new competition regime is set to launch in the first half of 2015, and the Competition Commission is already setting out its agenda to hit the ground running.

According to reports, the regulator’s chairwoman Anna Wu Hung-yuk emphasized that the Commission will focus largely on price-fixing but first …read more

US: FTC bars non-poaching agreements for ski gear makers (Competition Policy International)

The Federal Trade Commission has reportedly settled with ski equipment manufacturers accused of anticompetitive behavior by striking non-poaching agreements with each other, a practice that has recently come under fire following the high-profile class action against major technology companies for the same agreements.

According to the FTC, Tecnica Group and Marker …read more

UK: CMA steadfast on Eurotunnel ruling despite reexamination (Competition Policy International)

The Competition and Markets Authority has upheld the former Competition Commission’s decision that requires ferry servicer Eurotunnel to divest its controversial Dover route, say reports.

The Commission, which was combined with the Office of Fair Trading to become the CMA last April, ruled last June that Eurotunnel must divest the route …read more