November 2020 – The Turkish Competition
Board ("Board") recently published its
reasoned decision
1 ("Decision") concerning
the requests for information pertaining to data on traders'
chat-rooms from a number of financial institutions operating in
Turkey as part of its preliminary investigation
2.
The Board conducted an on-site inspection, followed by two
requests for information. The initial notification by the Board
requested information comprising all chat-room communications of
traders resident in Turkey on the Bloomberg and Reuters platforms
between 2018 and 2020. The second request consisted of the
chat-room communications of foreign-based traders.
3 For failing to comply with the information
request, several undertakings including Citibank A.Ş.
("Citibank"), Goldman Sachs TK
Danışmanlık A.Ş. ("Goldman
Sachs"), ING Bank A.Ş.
("ING"), JPMorgan Chase Bank National
Association Merkezi Colombus Ohio İstanbul Türkiye
Şubesi
("JPMorgan"),
and Türkiye Garanti
