23 Articles
23 Articles
Exim Romanian Bank rejects the conclusions of the investigation carried out by the Competition Council, after which it was amended, and announces that it will challenge in court the sanction received from the Authority led by Bogdan Chirițoiu. Sunday, the Competition Council announced that it has sanctioned ten banks with fines in total value of 3.73 billion lei (over 700 million ...
Daniel Zamfir, the leader of Senators PSD welcomes the record sanctions applied by the Competition Council of the ten banks accused of manipulating ROBOR and claims that such a decision was necessary for a long time. Article The Leader of Senators PSD reacts after the banks were sanctioned with 710 million euros, being accused of manipulating ROBOR: "I have found that it is manipulated and it was I was the one who initiated the move to IRCC is t…
The Competition Council has sanctioned 10 banks with fines totalling 3.73 billion lei (710 million euros) for the coordination of behavior in the ROBOR setting procedure. Banks have at their disposal a period of 60 days from receiving...
Consiliul Concurenţei a sancţionat 10 bănci cu amenzi în valoare totală de 3.73 billione lei (710 milioane euro) pentru coordonarea behaviourului în cabrul proceduri de establish a ROBOR. Băncile au la disposziţie o perioadă de 60 zile de la primirea motivării deciziei de sancţionare pentru a prezenta planuri de măsuri prin care vor eliminates practicile contraceptiveţiale. Aceste planuri vor fi aprobate de către Consilul Concurenţei. Decizia au…
Competition Council fines ten Romanian banks €710M over ROBOR rate-setting, prompting denial of wrongdoing and legal challenges from lenders
Romania’s Competition Council has penalised ten commercial banks with record fines totalling RON 3.73 billion, equivalent to approximately EUR 710 million, for allegedly coordinating their behaviour during the ROBOR rate-setting procedure. According to the antitrust authority, the credit institutions participating in the daily fixing process exchanged confidential and strategic information, particularly regarding pricing and quotations, […] The …
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