EU Expands Credit Default Swaps Antitrust Probe

Law360, New York (March 26, 2013, 4:14 PM EDT) -- The European Commission on Tuesday made a trade association the latest target of its antitrust probe into a possible ploy to keep new competitors from launching credit derivative exchanges based on early indications that the group might have helped block new trading platforms.

The antitrust watchdog expanded the probe to include the International Swaps and Derivatives Association. The group represents hundreds of banks and other financial institution involved in trading over-the-counter derivatives.

The EC has been investigating claims that the investment banks and Markit Group Ltd.,...
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