The investigation was launched at the end of 2022 and went through all analysis and control procedures.
In the wake of the investigation, the antitrust body found the banks participating in setting ROBOR coordinated their behavior via an exchange of confidential and strategic information with regard to ROBOR level within the fixing procedure.
So as not to disrupt market functioning, the banks have 60 days from the moment they receive the motivation of the sanctioning decision to come up with action plans for removing anti-competitive practices.
The banks are challenging the outcome of the body’s investigation and announcing they will take the case to court.
(English version by Catalina Apostoiu)