November 14, 2012 15:34 ET
OTTAWA, ONTARIO--(Marketwire - Nov. 14, 2012) - The Competition Bureau (Bureau) is correcting public statements made by the Royal Bank of Scotland Group (RBS Group) related to an ongoing investigation into alleged collusive conduct in the setting of the Yen London Inter-Bank Offered Rate (LIBOR).
The RBS Group made the following statement on page 87 of its Q3 Interim Management Statement under the heading "Litigation, investigations and reviews":
The suggestion that the RBS Group is "co-operating fully" with the Bureau is false. The RBS Group has not applied to the Bureau's Immunity or Leniency Programs and, in fact, has challenged a production order issued by the Ontario Superior Court of Justice in relation to the Bureau's investigation.
It is important to note that while the investigation is ongoing, there is no conclusion of wrongdoing at this time and no charges have been laid.
The Competition Bureau, as an independent law enforcement agency, ensures that Canadian businesses and consumers prosper in a competitive and innovative marketplace.
Enquiry / Complaint Form
For media enquiries:Media Relations819email@example.comFor general enquiries:Information Centre - Competition Bureau819-997-4282Toll free: 1-800-348-5358TTY (hearing impaired): 1-800-642-3844www.competitionbureau.gc.ca
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