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Year: 2023
Date: 24 May, 2023
Offence Group: Competition-related Offences
Offence Type: price-fixing or anti-competitive practices
Violation Description: Deutsche Bank alerted the CMA to the alleged sharing of sensitive information by 5 major banks by traders who used private chatrooms to share pricing and trading strategies of UK government bonds. The bank admitted to involvement in anti-competitive activity and as the first to cooperate would not be fined under the CMA's leniency policy.
Settlement Type: Settlement and Leniency agreement with CMA
Agency: Competition and Markets Authority
HQ Country of Parent: Germany
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking & securities
Source of Data: (click here)