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UCL European Institute

Joaquín Almunia on Competition in Financial Markets


In this talk, Joaquín Almunia, Vice-President of the European Commission and Commissioner (responsible for competition), addressed in particular the topic of Competition in Financial Markets. He recently took measures against several banks fining them a total of 1.7 billion euros for forming illegal cartels to rig interest rates.


Joaquín Almunia on Competition in Financial Markets from UCL European Institute on Vimeo.


About the speaker: Joaquín Almunia graduated in Law and Economics from the University of Deusto (Bilbao) and later followed the “Senior managers in Government” programme at the Kennedy School of Government, Harvard University. He has been an eminent actor in Spanish politics for many years, being appointed successively Minister of Employment and Minister of Public Administration under the government of Felipe Gonzalez. Mr Almunia then went on to become the Leader of the PSOE (the Spanish Socialist party) from 1997 to 2000 and was candidate for Prime Minister in 2000. Prior to his current role, he was European Commissioner for economic and monetary affairs (2004-2010). With this breadth of experiences, Mr Almunia is in an excellent position to discuss the main issues related to European, economic and current affairs.

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