The Danish Competition Authority condemns a cartel between seven local banks (Lokalbanksamarbejdet)

On 28 March 2007, the Danish Competition Authority (“DCA”) issued a decision condemning a cartel between seven local Danish banks. Background Following a tip-off from a journalist, the DCA conducted dawn raids at seven local Danish banks in June 2006. The DCA found evidence that the banks had entered into formalised cooperation on the retail banking market. The Decision The Decision established that the seven banks (Møns Bank, Lokalbanken i

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  • Danish Competition and Consumer Authority (Copenhagen)

Quotation

Jacob Borum, The Danish Competition Authority condemns a cartel between seven local banks (Lokalbanksamarbejdet), 28 March 2007, e-Competitions Bulletin Financial services, Art. N° 13720

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