Financial Services and Antitrust: A live update with DG COMP and UK FCA

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Synthesis

Matthew Readings introduced the panellists and emphasised their different experience and expertise to contribute to the discussion on competition-related enforcement trends and dynamics which are playing out about financial services as well as recent legal and policy developments that could have a material commercial impact on business models. Mr Readings noted that, in financial services, assessing classic antitrust enforcement in isolation is insufficient. Other intervention tools used by regulators, the FCA in particular, to pursue the competition policy agenda have some impact on financial services. Mr Readings invited the panellists to comment on enforcement tools but also the authorities’ market investigation powers and available remedies.