Response to Statement of Objections from the European Commission

10 June 2014

London, 10 June 2014 - The Company today received a Statement of Objections from the European Commission (EC), alleging that ICAP acted as a facilitator to breaches of EU competition law by certain banks in relation to Yen Libor for isolated periods between 2007 and 2010.  These allegations relate to the same underlying matters that ICAP Europe Ltd, one of the Group's Global Broking subsidiaries, settled with the FCA and CFTC in September 2013.  ICAP does not believe that it has breached any applicable EU competition law, and will defend itself against these allegations vigorously.

Contacts

Serra Balls Group Head of Communications +44 (0)20 7050 7103
Rebecca Mitchell         Maitland    +44 (0)20 7379 5151

About ICAP

ICAP is a leading markets operator and provider of post trade risk mitigation and information services. Group companies provide services that match buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through our post trade risk and information services we help our customers manage and mitigate risks in their portfolios. For more information go to www.icap.com.

Contact Us

Bryony Scragg
Head Of Media Relations
bryony.scragg@nex.com +44 20 7818 9689 LinkedIn
Bryony scragg
Casey Sheets
Media Relations (US)
casey.sheets@nex.com +1 212 521 4627 LinkedIn
Casey Sheets

RELATED NEWS

Loading related stories.
RESOURCES

RESOURCES

Browse media and documents
which are available to download.

Images & Video
INSIGHTS

PRESS COVERAGE

Keep up with the latest coverage
of NEX and its industry experts.

See all articles