Читать книгу Non-financial Risk Management in the Financial Industry - Группа авторов - Страница 46

The European Union defines this risk as the violation of “agreements between market operators that would restrict competition, and the abuse of dominance.”[67] According to the International Chamber of Commerce (ICC), the intention of antitrust laws is to guarantee the delivery of goods and services to consumers at a fair price in an ethical manner. Non-compliance may lead to significant penalties as well as serious reputational damage.[68] The Procurement Collusion Strike Force of the US Department of Justice includes as antitrust violations bid rigging, price fixing, and market allocation affecting government procurement at any level.[69]