Antitrust Antitrust

Big Tech’s entry into financial sector poses threats that should be tracked company by company, BIS’s Carstens says

By Neil Roland
  • 27 Jan 2021 17:44
  • 05 Feb 2021 08:46
The financial-sector entry of technology giants such as Amazon, Facebook and Alibaba poses financial stability, competition and privacy threats that should be addressed through company-by-company oversight rather than just the activities in which they participate, said Agustin Carstens, Bank for International Settlements general manager.

"It is clear that big techs put policymakers in

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