ES pret akciju bir\u017e\u0101m: Izmekl\u0113\u0161ana par iesp\u0113jamu vieno\u0161anos starp Deutsche B\u00f6rse un Nasdaq<\/p>\n
Eiropas Komisijas konkurences uzraugi ir uzs\u0101ku\u0161i padzi\u013cin\u0101tu izmekl\u0113\u0161anu attiec\u012bb\u0101 uz divu pasaules liel\u0101ko akciju bir\u017eu grupu \u2013 Deutsche B\u00f6rse un Nasdaq \u2013 potenci\u0101lu vieno\u0161anos atvasin\u0101to finan\u0161u instrumentu tirg\u016b. \u0160\u0101da r\u012bc\u012bba, ja tiks pier\u0101d\u012bta, var\u0113tu b\u016bt pretrun\u0101 ar Eiropas Savien\u012bbas ties\u012bbu aktiem, kas paredz\u0113ti tirgus konkurences veicin\u0101\u0161anai un god\u012bgu cenu noteik\u0161anai.<\/p>\n
S\u0101kotn\u0113j\u0101s ba\u017eas un inspekcijas<\/p>\n
Komisijas ba\u017eas galvenok\u0101rt skar iesp\u0113jamu koordin\u0101ciju \u0161o grupu darb\u012bb\u0101s atvasin\u0101to finan\u0161u instrumentu kot\u0113\u0161an\u0101, tirdzniec\u012bb\u0101 un uzskait\u0113. ES konkurences ties\u012bbu pamat\u0101 ir principa, ka tirgus ekonomikai ir j\u0101darbojas br\u012bvi no jebk\u0101das kol\u016bzijas vai domin\u0113jo\u0161\u0101 st\u0101vok\u013ca \u013caunpr\u0101t\u012bgas izmanto\u0161anas, lai nodro\u0161in\u0101tu, ka cenas atspogu\u013co re\u0101lo piepras\u012bjumu un pied\u0101v\u0101jumu. Lai g\u016btu skaidr\u0101ku priek\u0161statu, 2024. gada septembr\u012b Eiropas Komisija veica nepieteiktas inspekcijas abu finan\u0161u grupu telp\u0101s. \u0160\u012bs darb\u012bbas, kas ir at\u013cautas saska\u0146\u0101 ar ES noteikumiem, bija v\u0113rstas uz to praksi, kas saist\u012bta ar finan\u0161u atvasin\u0101tajiem instrumentiem \u2013 l\u012bgumiem, kuru v\u0113rt\u012bba ir atkar\u012bga no cita akt\u012bva, piem\u0113ram, akciju vai pre\u010du, cenas. \u0160ie instrumenti, lai gan sniedz iesp\u0113jas riska vad\u012bbai un spekul\u0101cij\u0101m, var ar\u012b rad\u012bt potenci\u0101lu manipul\u0101ciju risku, ja tirgus dal\u012bbnieki vienojas par noteiktu r\u012bc\u012bbu.<\/p>\n
Aps\u016bdz\u012bbas par kol\u016bziju<\/p>\n
Komisija sav\u0101 pazi\u0146ojum\u0101 nor\u0101d\u012bja, ka past\u0101v iesp\u0113ja, ka \u201cDeutsche B\u00f6rse un Nasdaq vien\u012bbas var\u0113tu b\u016bt nosl\u0113gu\u0161as vieno\u0161an\u0101s vai veiku\u0161as saska\u0146otas darb\u012bbas, lai ner\u012bkotu konkurenci\u201d. Turkl\u0101t tiek izteikts pie\u0146\u0113mums, ka \u201cvien\u012bbas var\u0113tu b\u016bt sadal\u012bju\u0161as piepras\u012bjumu, saska\u0146oju\u0161as cenas un apmain\u012bju\u0161\u0101s ar komerci\u0101li sensit\u012bvu inform\u0101ciju\u201d. \u0160\u0101das darb\u012bbas ir nopietns p\u0101rk\u0101pums, jo t\u0101s var rad\u012bt m\u0101ksl\u012bgus \u0161\u0137\u0113r\u0161\u013cus tirg\u016b, kait\u0113jot gan maz\u0101kiem sp\u0113l\u0113t\u0101jiem, gan galu gal\u0101 ar\u012b pat\u0113r\u0113t\u0101jiem, kuri sa\u0146em neadekv\u0101tus finan\u0161u produktus vai maks\u0101 p\u0101rm\u0113r\u012bgas cenas. K\u0101 skaidroja Komisijas runasv\u012brs Tomass Regnj\u0113, ja tiktu pier\u0101d\u012bta kol\u016bzija starp Deutsche B\u00f6rse un Nasdaq, tas veidotu \u201cm\u0101ksl\u012bgu \u0161\u0137\u0113rsli\u201d ES tirg\u016b.<\/p>\n
Ietekme uz kapit\u0101la tirgus savien\u012bbu<\/p>\n
Eiropas Komisijas konkurences komision\u0101re Teresa Ribera uzsv\u0113ra, ka \u0161\u0101da veida r\u012bc\u012bba var\u0113tu negat\u012bvi ietekm\u0113t \u201ckapit\u0101la tirgus savien\u012bbas pien\u0101c\u012bgu darb\u012bbu\u201d. Kapit\u0101la tirgus savien\u012bba ir ES strat\u0113\u0123isks projekts, kas v\u0113rsts uz barjeru no\u0146em\u0161anu kapit\u0101la tirgos, lai veicin\u0101tu inov\u0101ciju, finansi\u0101lo stabilit\u0101ti un ekonomisko izaugsmi vis\u0101 blok\u0101. T\u0101s piln\u012bga izveido\u0161ana ir viena no Eiropas Komisijas prezidentes Ursulas fon der Leienas priorit\u0101t\u0113m. T\u0101p\u0113c jebk\u0101di centieni kav\u0113t t\u0101s att\u012bst\u012bbu, piem\u0113ram, ar tirgus dal\u012bbnieku vieno\u0161anos, ir \u012bpa\u0161i satrauco\u0161i.<\/p>\n
Deutsche B\u00f6rse nost\u0101ja un 1999. gada l\u012bgums<\/p>\n
Deutsche B\u00f6rse ir rea\u0123\u0113jusi uz izmekl\u0113\u0161anu, pazi\u0146ojot, ka \u201ckonstrukt\u012bvi sadarbojas ar Eiropas Komisiju\u201d. Akciju bir\u017eu grupa skaidro, ka izmekl\u0113\u0161ana attiecas uz 1999. gad\u0101 nosl\u0113gtu l\u012bgumu, kuru Deutsche B\u00f6rse uzskata par \u201ckonkurenci veicino\u0161u\u201d. Uz\u0146\u0113mums argument\u0113, ka \u0161is l\u012bgums tika nosl\u0113gts ar m\u0113r\u0137i \u201cpalielin\u0101t likvidit\u0101ti attiec\u012bgajos Zieme\u013cvalstu atvasin\u0101to instrumentu tirgos un rad\u012bt efektivit\u0101ti\u201d. Tiek uzsv\u0113rts, ka l\u012bgumam bija \u201cskaidri ieguvumi tirgus dal\u012bbniekiem, un tas bija publisks\u201d. Konkr\u0113ti, 1999. gada vieno\u0161an\u0101s tika nosl\u0113gta starp Deutsche B\u00f6rse atvasin\u0101to instrumentu fili\u0101li Eurex un Helsinku fondu bir\u017eu (ko Nasdaq ieg\u0101d\u0101j\u0101s 2008. gad\u0101) attiec\u012bb\u0101 uz Zieme\u013cvalstu atvasin\u0101to instrumentu tirgiem. Deutsche B\u00f6rse skat\u012bjum\u0101, \u0161\u012b vieno\u0161an\u0101s ir bijusi izdev\u012bga, veicinot tirgus att\u012bst\u012bbu un konkur\u0113tsp\u0113ju \u0161aj\u0101 re\u0123ion\u0101.<\/p>\n","protected":false},"excerpt":{"rendered":"ES pret akciju bir\u017e\u0101m: Izmekl\u0113\u0161ana par iesp\u0113jamu vieno\u0161anos starp Deutsche B\u00f6rse un Nasdaq Eiropas Komisijas konkurences uzraugi ir…\n","protected":false},"author":2,"featured_media":43342,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[11926,77,76,12169,512,7014,35,39,38,36,37,34,40,11889],"class_list":{"0":"post-43341","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bizness","8":"tag-atvasinatie-finansu-instrumenti","9":"tag-bizness","10":"tag-business","11":"tag-deutsche-borse","12":"tag-eiropas-komisija","13":"tag-konkurence","14":"tag-latvia","15":"tag-latvian","16":"tag-latviesu","17":"tag-latviesu-valoda","18":"tag-latviesuvaloda","19":"tag-latvija","20":"tag-lv","21":"tag-nasdaq"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@lv\/115514140500102129","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/posts\/43341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/comments?post=43341"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/posts\/43341\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/media\/43342"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/media?parent=43341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/categories?post=43341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/tags?post=43341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}