Kartellrechtsrelevante Marktmanipulationen

Manipulative behavior in the financial market can violate both market abuse and antitrust prohibitions. Coordinations enable competitive independent market price advantages and the misuse of a dominant position in a distinct (capital) market is conceivable. For the first time in the LIBOR/EURIBOR affair, the European Commission sanctioned collusions in the financial market for antitrust violations. In this respect too, the Market Abuse Regulation (EU) No. 596/2014, which is in force in Member States since 3 July 2016, is intended to remedy regulatory deficits. However, there is still no clarification as to how market manipulation law and antitrust law correlate materially and procedurally. At this interface, the work intervenes and examines whether antitrust law can effectively prevent manipulations in the financial market and thus strengthen its security and integrity.