E.U. Eyes Financial Industry Over Antitrust Concerns

Law360, New York (June 6, 2006, 12:00 AM EDT) -- Less than two months after a wide-scale inquiry into the credit card industry in the European Union revealed that businesses and consumers do not yet benefit from a fully competitive internal market, the country’s top antitrust regulator said this week that internal market regulators have identified more problems in the financial industry and are poised to take action.

Competition Commissioner Neelie Kroes said in a speech at a financial services conference at the European Parliament this week that the Commission had found across-the-board evidence of "very...
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