Competition Commission And Bank of America Merrill Lynch International Ltd; BNP Paribas; JP Morgan Chase and Co; JP Morgan Chase Bank N.A; Australia and New Zealand Banking Group Ltd; Standard New York Securities Inc.; Investec Ltd; Standard Bank of South Africa Ltd; Nomura International PLC; Standard Charted Bank; Credit Suisse Group; Commerzbank AG; Macquaire Bank Ltd; HSBC Bank PLC; Citibank N.A; ABSA Bank Ltd; Barclays Capital Inc.; Barclays Bank PLC;HSBC Bank USA, National Association Inc; Merrill Lynch Peirce Fenner and Smith Inc; Bank of America, N.A; Investec Bank Ltd; Credit Suisse Securities (USA) LLC; Nedbank Group Ltd; Nedbank Ltd; Firstrand Ltd; Firstrand Bank Ltd; Standard Americas Inc
Case Number
CR212Feb17/JOI136Sep20
Case type
Interlocutory Application
Procedural matter
Joinder Application
Case status
Reasons Issued
Outcome
Dismissed
Order date
30-03-2023
Competition Tribunal Members
Andreas Wessels, Mondo Blessing Mazwai, Yasmin Carrim
Industry
Security and commodity contracts brokerage
Relevant market
Market for spot trades in relation to USD/ZAR pair trading
Sector
Financial and insurance activities
Case Name
CC And Bank of America and Others
Applicant
Competition Commission, BNP Paribas
Respondent
Australia and New Zealand Banking Group Ltd, Standard New York Securities Inc., Investec Limited, Standard Bank of South Africa Ltd, Standard Charted Bank, Credit Suisse Group, Commerzbank AG, HSBC Bank PLC, Citibank N.A, Merrill Lynch Pierce, Fenner and Smith Inc, Bank of America N.A., Nedbank Limited, HSBC Bank USA, National Association INC, Nedbank Group Limited, FirstRand Bank Limited, Bank of America Merrill Lynch International Ltd, JP Morgan Chase Bank N.A, Macquaire Bank Ltd, ABSA Bank Ltd, Barclays Capital Inc, Barclays Bank PLC, Investec Bank Limited, JP Morgan Chase and CO, Nomura International PLC, Standard Americas Inc, Credit Suisse Securities (USA) LL, RMB Holdings Limited