When talk isn’t so cheap: Information exchange and the financial sector in the EU/UK

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Information exchange within the financial sector continues to be firmly on the EU and UK competition authorities’ radar, with significant fines being imposed for illicit conduct. This article sets out an overview of the law on information exchange, identifies the main red flags that businesses should look out for and provides some practical tips on the sorts of procedures that can be put in place to help mitigate against unlawful information exchange.