(Financial) services ComCo concludes year-long investigation against banks
The Competition Commission (ComCo) has concluded its long-running investigation into collusion on the financial market. As part of its investigations into 20 banks, it has imposed fines totaling CHF 237.5 million.
18.12.2025, 07:30
18.12.2025, 07:52
SDA
In total, the ComCo investigated agreements on the financial market in nine separate proceedings over a period of more than ten years, as the authority announced on Thursday. The investigations focused on the business areas of interest rate derivatives, spot foreign exchange and precious metals trading.
Individual traders from competing banks had entered into more than twenty separate, independent agreements between 2005 and 2013, it added. They would have exchanged sensitive information about their business and strategies via company chat rooms, instant messaging services or by telephone.
Between 2016 and 2024, the ComCo has now negotiated a total of 35 amicable settlements in four out of five proceedings on interest rate derivatives and in three proceedings on currency exchange rates. The costs of the proceedings amounted to a total of CHF 5.33 million.
