Recent EU Antitrust Investigations into Financial Services” What Is the Scope for Antitrust Intervention?

Like their U.S. counterparts, the EU antitrust enforcers have decided to probe practices that attracted criticism in the wake of the recent economic and financial turmoil. The Commission has opened two investigations into the functioning of the CDS market. It is also looking into possible misconduct with respect to the setting of LIBOR in times of financial crisis. The focus of these new investigations is markedly different from the Commission̵