The Italian Competition Authority fines four banks for operating as a cartel in the market of public compensation for workers (INAIL)

The Italian Competition Authority (AGCM) fined four major Italian banks (Unicredit Banca S.p.A., Intesa Sanpaolo S.p.A., Banca Nazionale del Lavoro and Banca Monte dei Paschi di Siena) for participating in a cartel in the supply of cashiering services to INAIL, the Italian public entity managing the mandatory workers' compensation. The AGCM had opened an investigation on 28 May 2007 responding to a claim by INAIL asserting that three tender proceedings launched in 2003, 2004, and 2005 for the award of its cashiering services went unanswered. “Tender” here refers to what is sometimes called a request for proposal. In its decision of 11 December 2008, the AGCM ascertained that the actions of the four banks amounted to a “sole and complex” breach of article 81 EC during the period from 1996

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

Quotation

Rossella Incardona, The Italian Competition Authority fines four banks for operating as a cartel in the market of public compensation for workers (INAIL), 11 December 2008, e-Competitions December 2008, Art. N° 23517

Visites 2158

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues