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Romanian Competition Authority: Termination of antitrust proceedings into Robid and Robor indices

( May 1, 2013, 08:47 GMT | Official Statement) -- MLex Summary: The Romanian competition authority has closed its investigation into anticompetitive practices by entities active on the inter-banking market. The probe focused on the behavior by some banks when setting the Robid and Robor market indices in 2008. The regulator imposed financial penalties on BRD-Groupe Société Générale and Raiffeisen Bank for refusal to submit to unannounced inspections and for providing inaccurate information. BRD Groupe’s challenge of the decision is pending before the courts.The full press release in the Romanian original as well as an English translation follow:...

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