The EU Commission publishes a review on loan syndication and its impact on competition in the credit markets

Competition and anti-competitive behaviour in financial services is a continuing focus of the Australian Competition and Consumer Commission (ACCC) and competition regulators worldwide. The European Commission, on 5 April 2019, published a long-awaited thematic review on loan syndication and its impact on competition in credit markets in the EU (the Report). The Report considers potential competition concerns at each stage of a syndicated loan from pre-mandate to secondary market trading. The Report notes that while market features and safeguards tend to limit the risk of competition law breaches, certain practices could give rise to concerns of collusive behaviour amongst syndicate members and the exertion of bargaining power contrary to the interests of borrowers and sponsors. The

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Authors

  • Herbert Smith Freehills (Sydney)
  • Herbert Smith Freehills (Sydney)
  • Herbert Smith Freehills (Melbourne)

Quotation

Liza Carver, Patrick Gay, Sarah Benbow, The EU Commission publishes a review on loan syndication and its impact on competition in the credit markets, 8 April 2019, e-Competitions April 2019, Art. N° 93534

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