parahrase:

Question

This diagram seeks to highlight the links between various traders and various
states and the respective respondent banks. The essential case therefore brought by
the Commission in its referral affidavit is that there was sufficient connection between
traders employed by the respondent banks through these chatrooms which provides
sufficient evidence for each of the bank’s conduct fell within the scope of a single
overarching conspiracy.

Answer 1

This diagram aims to illustrate the connections among different traders, various states, and the corresponding respondent banks. Therefore, the main argument presented by the Commission in its referral affidavit is that there was a strong link between the traders working for the respondent banks within these chatrooms, offering enough evidence to suggest that each bank's actions were part of a single overarching conspiracy.