SPAIN: The CNMC accuses BBVA, Sabadell, Santander and CaixaBank c & aacute; rtel – EntornoInteligente

/ The CNMC (National Commission Markets and Competition) has initiated disciplinary proceedings against Banco Bilbao Vizcaya Argentaria Banco Sabadell., Banco Santander and CaixaBank. The agency says the decision stems from “the existence of possible anti-competitive agreements between entities for pricing and exchange of commercially sensitive information regarding the contracting of derivative interest rate used as hedging instruments risk syndicated loans “.

According to a statement released by the Enterprise Investments Vapat, and its subsidiaries, for a possible breach of competition law.

the CNMC explains that under “practiced confidential information, the Competition Directorate has learned of some information that can be deduced the existence of prima facie evidence of the commission. of an infringement”

the opening of these proceedings does not prejudge the outcome end of the investigation. It is now a maximum period of 18 months for the investigation of the case and its resolution

OTHER INFORMATION:. CHEF GONZALO MORALES AND ITS NEW WEBSITE. Chef Gonzalo Morales launches its website www.gonzalo-morales.com. As a culinary artist has won multiple Michelin stars and is preparing to open a restaurant in Miami and another in Los Angeles. Chef Gonzalo Morales said to have treated as a culinary divo in recent years and thanks to all who have supported it.