Five Minutes on…Loan Syndication and Competition Law

    View Author April 2017

    After foreign exchange, the next frontier of EU/UK antitrust enforcement within the financial services sector is anticipated to be loan syndication. In particular, it is understood that the European Commission describes this as an area that "exhibits close cooperation between market participants in opaque or in-transparent settings, such as over-the-counter ... activities, which are particularly vulnerable to anti-competitive conduct." Therefore, the Commission is reportedly considering either launching an EU-wide antitrust sector inquiry or asking national competition agencies to take a closer look at this sector.