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ARTICLE · 14 NOVEMBER 2020

Turkish Competition Board Penalises Five International Banks For Not Providing Requested Information

Gen Temizer Erdogan Girgin Attorney Partnership
Gen Temizer Erdogan Girgin Attorney Partnership
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November 2020 – The Turkish Competition Board ("Board") recently published its reasoned decision[1] ("Decision")

TurkeyPrivacy
Bulut Girgin
Bulut Girgin
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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

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