The CMA has reached settlement with 5 banks in relation to exchanges of information by traders on buying and selling gilts on specific dates. Individual traders shared competitively sensitive information in one-to-one exchanges between 2009-2013. Since then, each bank has implemented compliance measures to ensure something similar could not happen again. Overall, the banks will pay fines of over £100 million – with the bank that alerted the CMA to the activities paying no fine.
CMA reaches settlement with banks over gilt information
