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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