Economic Calendar

Tuesday, November 17, 2009

France Seeks Antitrust Probe Into Financial Industry, FT Reports

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By Ben Livesey

Nov. 17 (Bloomberg) -- France has called on global regulators to investigate potential competition abuses in the financial industry, the Financial Times reported, citing an interview with Finance Minister Christine Lagarde.

Lagarde voiced concerns that some institutions have become too powerful in an industry amid banking failures and mergers and she has asked Financial Stability Board Chairman Mario Draghi to prepare a report for the G-20 summit in March on potential areas of concern, the FT said.




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