Cleary Gottlieb Steen & Hamilton, Slaughter and May and King & Wood Mallesons SJ Berwin (KWM) have taken roles as eight global banks reach a settlement with the European Commission (EC) for forming illegal cartels to rig interest rate derivatives. The EC today (4 December) fined eight banks - including the Royal Bank of Scotland (RBS) and Deutsche Bank - a total of €1.7bn (£1.4bn) for their roles in rigging interest rates in euro- and Japanese yen-denominated derivatives.
December 04, 2013 at 09:25 AM
1 minute read
The original version of this story was published on Legalweek
Cleary Gottlieb Steen & Hamilton, Slaughter and May and King & Wood Mallesons SJ Berwin (KWM) have taken roles as eight global banks reach a settlement with the European Commission (EC) for forming illegal cartels to rig interest rate derivatives.
The EC today (4 December) fined eight banks – including the Royal Bank of Scotland (RBS) and Deutsche Bank – a total of €1.7bn (£1.4bn) for their roles in rigging interest rates in euro- and Japanese yen-denominated derivatives.
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