• EU antitrust czar Joaquin Almunia. I guess they don't call them "czars" in Europe though.


    Banks Preferred Profitable CDS Business Over Less Profitable One

    The thing about antitrust law is that it’s so understandable. Not in the sense that a human can easily understand antitrust law, particularly, just that it’s easy to understand where the people who violate it are coming from.1 This EU antitrust case against 13 banks for “colluding to prevent the lucrative global business of trading […]

    / Jul 1, 2013 at 3:03 PM
  • Tendentious anthropomorphization of Libor in victory pose

    Banks, News

    Lawsuit Claiming Banks Worked Together To Fix Libor Dismissed Because Banks Were Supposed To Work Together To Fix Libor

    I’ve occasionally pointed out that one problem with the antitrust Libor lawsuits is that the allegations are mostly “the banks lied about Libor in order to trick each other about their creditworthiness and/or screw each other on some swaps trade,” so it’s hard to claim that they were all working together in a big antitrust […]

    / Apr 1, 2013 at 5:59 PM
  • News

    ISDAt Wrong?

    The European Union will be very cross if it finds out that the International Swaps and Derivatives Association conspired with its members to keep out would-be members.

    / Mar 26, 2013 at 5:42 PM
  • News

    Making Companies Responsible For Their Customers’ Stupidity

    The Europeans certainly take antitrust laws a good deal more seriously than the Americans. Oracle and Sun Microsystems are learning this the hard way, as Microsoft did before them. Now, consider Thomson Reuters. Surely, the media and information giant has competitors, like the company named for the guy who just bought himself a third term […]

    / Nov 10, 2009 at 11:53 AM
  • News


    Given that “Too Big To Fail” has become the catchphrase of the financial crisis, is it any surprise that antitrust has become a particular fascination of enforcement? Of course not. The U.S. government plans to reverse its antitrust policy and put more pressure on companies eyeing bigger market share through their dominance, the New York […]

    / May 11, 2009 at 9:12 AM

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