UK competition authority chief says 'compelling case' to reg

UK competition authority chief says 'compelling case' to regulate most powerful tech platforms


UK competition authority chief says 'compelling case' to regulate most powerful tech platforms
The chief executive of the Competition and Markets Authority has admitted regulators such as his in the UK and others around the world “struggled to stay ahead of the curve” and keep up with the tech giants.
But Andrea Coscelli said there is now “less uncertainty” in the digital market than there was five years ago, with enough evidence to make a “compelling case that a new regulatory framework for the most powerful platforms is required to promote competition in a number of digital markets”.
Timeline
In April the UK Government will launch a new competition regime, the Digital Markets Unit, within the CMA to rein in the dominance and power of platforms such as Google and Facebook, rebalancing the relationship between the tech giants and news publishers.

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