In a position statement submitted to the Romania Insider editorial office, the employers’ association of bankers, FinBan, said that the historic fine handed down by the Competition Council to the largest Romanian banks does not entitle every client to compensation.  Earlier this month, the Competition Council said that ten banks breached the competition regulations and the Treaty of Functioning of the European Union (TFEU) by exchanging information with the final aim of coordinating their actions and manipulating the interbank interest rate indices ROBOR, used for the calculation of variable lending interest rates.  To punish the banks, the body set fines totalling RON 3.73 billion (EUR 710 million), shocking analysts and financial experts. In reply, the banks said they would contest the measure. Moreover, in the FinBan reaction, they said that fallout should be limited.