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Treasury Select Committee launches inquiry into banking competition

Mayer Brown LLP
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United Kingdom
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July 15 2010

On 13 July 2010, the Treasury Select Committee ("TSC") announced the launch of its inquiry into competition in the banking sector

Commission clears temporary state aid for Irish banks

Mayer Brown LLP
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European Union, Ireland
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December 22 2010

On 21 December, the Commission authorised emergency measures for three Irish banks

OFT refers proposed mortgage software merger to the CC

Mayer Brown LLP
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United Kingdom
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March 21 2011

On 17 March the Office of Fair Trading "OFT" referred the anticipated acquisition by MBL Holdings Limited of Trigold Crystal Group Limited to the Competition Commission for further investigation

UK government calls for antitrust probe of banks’ lending covenants

Mayer Brown LLP
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United Kingdom
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March 29 2011

On 23 March, the government has asked the OFT to probe whether banks help to entrench the dominance of the "Big Four" auditing firms through restrictive lending agreements with companies

General Court annuls public procurement decision of EIB

Mayer Brown LLP
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European Union
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September 26 2011

On 20 September 2011, the General Court annulled a decision of the European Investment Bank (“EIB”) to award a contract to a tenderer after the EIB failed to notify another tenderer of its decision

Commission approves restructuring plan of Agricultural Bank of Greece

Mayer Brown LLP
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European Union, Greece
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May 24 2011

On 23 May the Commission approved under EU State aid rules the restructuring plan of Agricultural Bank of Greece, judging it apt to restore the bank's long-term viability whilst ensuring it shares the burden of its restructuring and limits the distortions of competition

Independent Commission on Banking publishes interim report

Mayer Brown LLP
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United Kingdom
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April 11 2011

On the 11 April The Independent Commission on Banking published its Interim Report

Commission opens investigation into standardisation process of e-payment market

Mayer Brown LLP
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European Union
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October 11 2011

On 26 September 2011, the Commission announced that it has opened an antitrust investigation into the standardisation process for payments over the internet set up by the European Payments Council (“EPC”

Commission temporarily approves rescue aid for Spanish banks

Mayer Brown LLP
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European Union, Spain
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October 11 2011

On 30 September 2011, the Commission announced that it has temporarily approved the grant of state aid to NCG Banco, Catalunya Banc and Unnim Banc for recapitalisation

OFT receives super-complaint from consumer focus regarding travel money

Mayer Brown LLP
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United Kingdom
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September 26 2011

On 21 September 2011, the Office of Fair Trading (“OFT”) received a super-complaint from statutory body Consumer Focus regarding the cost of obtaining foreign currency and the overseas use of credit and debit cards

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