Lack Of Solo Pleas Will Slow EU Libor Probe: Antitrust Head

Law360, New York (March 8, 2013, 2:47 PM EST) -- The head of the European Union's competition authority said Friday that differences in the style of antitrust settlements pursued by U.S. and EU regulators may result in a longer European probe into possible manipulation of the benchmark London Interbank Offered Rate.

During a speech in Brussels, the European Commission's competition chief, Joaquin Almunia, said that when the EU pursues settlements of a cartel probe — such as the one it is conducting into whether banks and brokers manipulated the Libor — it consults with all the...
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