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EU Commission fines ICAP EUR14.9 million for several cartels in yen interest rate derivatives sector

( February 4, 2015, 10:32 GMT | Official Statement) -- MLex Summary: The European Commission has imposed a financial penalty on UK broker ICAP for its role in several cartels in the yen interest rate derivatives sector. ICAP was found to have facilitated six cartels by circulating misleading information to banks and by serving as a communications channel between traders.Statement follows. The full press release including the table of fines is attached....

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