| Author (Person) | Mack, Sebastian |
|---|---|
| Publisher | Hertie School: Jacques Delors Centre |
| Series Title | Jacques Delors Centre: Policy Positions |
| Publication Date | 26/08/2021 |
| Content Type | Blog & Commentary |
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Summary: The technology giants Google, Apple, Facebook, Amazon and Microsoft are on the rise, recently also in the financial services business. This poses new challenges not only for competition regulators and consumer protection agencies, but also for financial market supervisors. The European financial market rules have a blind spot with regard to big tech and this endangers financial market stability. To prevent technology giants from flying under the radar of financial supervision, Sebastian Mack argues in this policy position for making group supervision of financial conglomerates fit for the digital age. |
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| Source Link |
Link to Main Source
https://www.delorscentre.eu/en/publications/detail/publication/big-tech
Alternative sources
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| Subject Categories | Economic and Financial Affairs, Internal Markets |
| Subject Tags | Competition Law | Policy, Digital Technology, Financial Services, Multinationals |
| International Organisations | European Union [EU] |
