On October 18, the European Commission began surprise inspections of companies active in the sector of derivatives linked to Euribor: "They do not respect the rules of free competition"
Raid of the EU Commission against companies active in the sector of derivative financial products linked to the Euribor: According to the Commission, unannounced inspections started on 18 October in several Member States.
"The Commission fears that companies violate antitrust rules prohibiting cartels and anti-competitive practices,” the statement reads. The Euribor is a reference index used by banks to fix the terms of interbank loans.
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