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Violation Tracker UK Individual Case

Company: Royal Bank of Scotland Group plc
Current Parent CompanyNatWest Group PLC
Parent at the Time of the Penalty Announcement: NatWest Group PLC
Penalty: £28,590,000
Year: 2011
Date: 20 January, 2011
Offence Group: competition-related offences
Offence Type: price-fixing or anti-competitive practices
Violation Description: RBS paid a £28.5 million fine in settlement of a decision by the OFT that it and Barclays engaged in anti-competitive actions by sharing confidential future pricing information for their loan products offered to large professional services firms. Barclays brought the matter to the OFT's attention and was granted immunity to a fine under the leniency policy.
Action Type: agency action
Settlement Type: Settlement with OFT
Agency: Office of Fair Trading
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking & securities
Source of Data(click here)