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Plans to change Malaysia’s leniency rules; and Australian insurers lap up smartwatch data
08 July 2022 00:00
The logic of leniency rules is rock-solid in the eyes of enforcers: Deals promising lighter sentencing can coax cartelists out of the woodwork and reveal otherwise undetectable anticompetitive agreements. But in Malaysia, leniency rules have been in place for eight years without a single successful application, sparking soul-searching about what changes are needed to make the rules work. Also on today’s podcast: Why are insurers so keen to get their hands on fitness data generated by your smartwatch? Australia is pondering this very question, with data-driven discounts raising the question of whether those unwilling to hand over the data from a wearable device risk facing discrimination from insurers amassing new levels of information.
Investigating cartels without the aid of leniency applicants is like “searching in the dark,” Malaysia’s antitrust chief
Standing between insurers and the unimpeded use of data collected by a smart watch is industry regulation