December 21, 2016 / 6:38 AM / 8 months ago

BRIEF-Swiss competition panel fines banks in Swiss franc LIBOR case

Dec 21 (Reuters) -

* Swiss Competition Commission (comco) says has closed its investigation related to the Swiss franc LIBOR benchmark with an amicable settlement and imposes total fines of approximately chf 33.9 million

* COMCO REACHED THE CONCLUSION JPMORGAN AND ROYAL BANK OF SCOTLAND (RBS) OPERATED, BETWEEN MARCH 2008 AND JULY 2009, A BILATERAL CARTEL WITH THE AIM OF INFLUENCING THE SWISS FRANC LIBOR BENCHMARK

* COMCO SAYS JPMORGAN WAS FINED CHF 33.873 MILLION AFTER RECEIVING A REDUCTION OF ITS FINE FOR THE COOPERATION IN THE INVESTIGATION UNDER THE LENIENCY PROGRAMME

* COMCO SAYS RBS RECEIVED FULL IMMUNITY FOR REVEALING THE EXISTENCE OF THE CARTEL TO THE COMCO

* COMCO SAYS DECIDED TO DISCONTINUE THE PROCEDURE AGAINST THE TWO SWISS INTERDEALER/CASH BROKER COSMOREX AND GOTTEX

* COMCO SAYS DECISION CAN BE APPEALED TO THE FEDERAL ADMINISTRATIVE COURT Source text for Eikon: Further company coverage: [ ] (Reporting By Zurich newsroom)

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