This would mean virtually no more competition, and the abnormal concentration rule, which various Member States really have at heart, would – as Mr Bourlanges has just made clear – be brought in through the back door. It is regrettable that pre-trade transparency is provided for despite this.
Il n’y aurait dès lors presque plus de concurrence et la règle anormale de concentration, que plusieurs États membres portent vraiment dans leur cœur, serait mise en œuvre - comme l’a clairement dit M. Bourlanges - par des moyens détournés.