Romanian banks warn against “illusions” of ROBOR compensation after record fine
In a position statement submitted to the Romania Insider editorial office, the employers’ association of bankers, FinBan, said that the historic fine handed down by the Competition Council to the largest Romanian banks does not entitle…
Radu Dumitrescu · Journalist
· Updated · 3 min read
In a position statement submitted to the Romania Insider editorial office, the employers’ association of bankers, FinBan, said that the historic fine handed down by the Competition Council to the largest Romanian banks does not entitle every client to compensation.
Earlier this month, the Competition Council said that ten banks breached the competition regulations and the Treaty of Functioning of the European Union (TFEU) by exchanging information with the final aim of coordinating their actions and manipulating the interbank interest rate indices ROBOR, used for the calculation of variable lending interest rates.
