Antitrust chief discusses antitrust issues related to financial sector at Fordham conference

By E. Darius Sturmer, J.D.Makan Delrahim, Assistant Attorney General in charge of the Department of Justice Antitrust Division, delivered a speech at the Fordham University School of Law in New York City discussing the application of the antitrust laws to the financial sector. The speech, entitled "Don’t ‘Take the Money and Run’: Antitrust in the Financial Sector", focused on three current "hot issues" in the area: the limits of fund and exchange collaboration, syndicate coordination, and ensuring antitrust compliance.Delrahim first addressed the antitrust issues posed by common ownership and institutional investors. Noting recent debate "around the role of institutional investors in today’s economy, and whether or not their common ownership of competing firms has an effect on competition," the Assistant Attorney General mentioned a lack of agreement in current literature over which approaches to use to evaluate these…

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