Richard TAFFET (Partner, Morgan, Lewis & Bockius), who has been one of the organizers for the past three years, started by welcoming the audience to the third annual Concurrences and Morgan Lewis program on antitrust in the financial sector and emphasized the diversity within the attendees, noting that a growing number of attendees are involved in the financial sector in roles other than lawyers or economists. Mr. Taffet introduced the three panels, the first dealing with antitrust issues in relation to syndicated loans, the second with issues relating to collaboration amongst funds and exchanges, and the third with compliance issues.
James KEYTE (Director, Fordham Competition Law Institute) thanked the organizers, and especially Concurrences and Nicolas Charbit, mentioning his role in opening up and fostering dialogue on antitrust policy from different perspectives. Mr. Keyte also expressed gratefulness for Makan Delrahim’s participation. Mr. Keyte briefly framed, for further discussion, some topical antitrust issues in the financial services industry as well as related challenges, such as that of defining unilateral conduct and identifying the relevant analytical framework in economics.