The Romanian Competition Council has sanctioned ten banks for violating competition norms related to the ROBOR interest rate. Council President Bogdan Chirițoiu clarified that the decision focuses solely on anti-competitive practices, not on the ROBOR rate itself. The investigation centered on potential collusion among banks influencing the benchmark rate. Financial institutions now have the right to challenge the ruling in court after receiving the official justification for the penalties. Chirițoiu emphasized the decision doesn’t address the fairness of the ROBOR rate, only how it was determined. The specifics of the fines and the extent of the anti-competitive behavior have not been fully disclosed. Further details will be available once the full reasoning behind the decision is communicated to the banks.