UK’s Financial Regulator Is The New Antitrust Kid On the Block
The UK Financial Conduct Authority issued its first antitrust decision on February 21 imposing fines on Hargreave Hale (£306,300) and RAMAM (£108,600) for sharing sensitive information. The fines aren’t particularly high for companies with a FY18 turnover over £50 million but it sends a message to The City that there is a new antitrust watchdog in town.