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
Case Number
CR212Feb17/AME051Jun20
Case type
Interlocutory Application
Procedural matter
Amendment Application
Case status
Reasons Issued
Outcome
Granted
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
Respondent
Investec Ltd, Standard Bank of South Africa Ltd, Standard Chartered Bank, Credit Suisse Group, Commerzbank AG, Macquarie Bank Ltd, ABSA Bank Ltd, Barclays Bank PLC, HSBC Bank USA, National Association Inc, Bank of America. N.A, Investec Bank Ltd, Credit Suisse Securities (USA) LLC, Nedbank Group Ltd, Nedbank Ltd, Firstrand Bank Ltd, Standard Americas Inc, Band of America Merrill Lynch International, Nomura International PLC, Merrill Lynch Piecer Fenner And Smith Inc, 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, HSBC Bank PLC, Citibank N.A, Barclays Capital Inc, RMB Holdings Ltd