Justice Department Issues Favorable Business Review Letter to Institute of International Finance for Sovereign Debt Information Sharing Principles

The Department of Justice’s Antitrust Division announced today that it has completed its review of the proposal by the Institute of International Finance (IIF) to promulgate voluntary guidelines, called the Principles for Debt Transparency (Principles), allowing for public disclosure of information regarding the issuance of sovereign debt. Based on the representations in IIF’s letter request, including its description of certain safeguards, the department has concluded that the principles are unlikely to harm competition. Therefore, the department does not presently intend to challenge IIF’s proposed principles.