trending Market Intelligence /marketintelligence/en/news-insights/trending/OkKb1zxYvkxns0dpUblwSw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Spanish competition regulator opens proceedings against 4 banks

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery


Spanish competition regulator opens proceedings against 4 banks

Spanishcompetition regulator CNMC said April 7 that it initiated proceedings againstBanco Bilbao Vizcaya ArgentariaSA, Banco de SabadellSA, Banco SantanderSA and CaixaBankSA in connection with possible anti-competition agreements betweenthe four lenders.

Suchagreements might have aimed to fix prices and allow for the exchange of sensitiveinformation relating to interest rate derivative contracts used to cover therisk of syndicated loans, the CNMC said. The move stems from a complaint filedby Inversiones Empresariales Vapat SLU regarding a possible breach ofcompetition rules.

Theproceedings will be resolved after a maximum of 18 months, the CNMC said.