Last week a senior antitrust official told Reuters that the Federal Economic Competition Commission (Cofece) had started its biggest ever probe into public debt sales in late October amid signs of potential wrongdoing.
The new probe is into Mexico’s nearly $5.3 billion public debt market and could scrutinize possible breaches of competition laws by intermediaries in trades dating back up to 10 years.
Any debt instrument issued by the federal government, states or municipalities, the state IPAB bank protection agency, development banks or state companies could come under review, Carlos Mena, head of the investigative unit of the Cofece, told Reuters on Thursday.
“Any financial institution that participates as a bidder could be involved in the inquiry,” Mena said by phone.
“What we’re trying to determine is if credit institutions, brokerages or investment companies stopped competing or eased competition by exchanging information or manipulating prices or market demand,” he added.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Throws the Bag: Tapestry’s Capri Deal Blocked Over Market Monopoly Concerns
Apr 22, 2024 by
CPI
Italy’s Antitrust Authority Investigates Enel’s Communication of Energy Price Hikes
Apr 22, 2024 by
CPI
UK Data Regulator Uncovers Flaws in Google’s Privacy Sandbox Proposal
Apr 22, 2024 by
CPI
Japan’s Antitrust Body Orders Google to Amend Ad Search Practices
Apr 22, 2024 by
CPI
Senator Blackburn Blasts Ticketmaster Amid DOJ Probe
Apr 22, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI