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The UK regulator’s Hobson’s choice on Big Tech; and Australia’s banking prosecution collapses
18 February 2022 00:00
The UK’s competition enforcer’s approach to Big Tech has come to a fork in the road: it can either wait for its Digital Markets Unit to be empowered and operational; or it can pursue the global platforms with the tools already at its disposal. The Competition and Markets Authority may prefer to wait, but with lawmakers unwilling to commit to a timeline, antitrust officials may find themselves playing catchup. Also on today’s podcast: Australia’s top antitrust official Rod Sims announces a review of his agency’s investigation of an alleged criminal cartel in the banking industry, following the collapse of the high-profile Citigroup, Deutsche Bank prosecution.
UK competition regulator is under pressure to decide whether to mount enforcement action over the power of Big Tech
Criminal-cartel prosecutions against Vina Money Transfer moved forward with regulator close to securing first antitrust jail sentence
James Panichi Senior Editor, Asia Pacific
James, an Australian journalist with over 25 years’ experience in print and electronic media, helps to oversee MLex’s coverage of regulatory risk in Asia, with special attention to Australia and New Zealand. In 2016, James was appointed as MLex’s managing editor for continental Europe, overseeing the Brussels bureau’s coverage of EU regulatory affairs and managing a team of 16 journalists in Brussels and Geneva. Previously James worked for the European Voice newspaper, before joining the... Read more
Laurel Henning Senior Correspondent
Laurel is a senior correspondent specializing in competition law, data privacy and security, in Australia and New Zealand. Laurel reports from Sydney on criminal-cartel legislation and white-collar crime, as well as competition and consumer lawsuits involving companies including Google, Meta Platforms and Apple. While at MLex Laurel has also reported boardroom disputes and shareholder campaigns agitating for changes to company strategy. Laurel joined MLex in 2013 and reported for five years on European energy and... Read more