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Federal Cartel Office provides guidance on Standards of Effective Compliance for first time

Federal Cartel Office provides guidance on Standards of Effective Compliance for first time
internationallawoffice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from internationallawoffice.com Daily Mail and Mail on Sunday newspapers.

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France, Germany, the Netherlands press for tighter rules in DMA

France, Germany and the Netherlands on Thursday (27 May) released a joint statement calling for a reinforcement of the EU’s Digital Markets Act (DMA) in a range of areas, from member states involvement to merger control.
The three countries already took a firm stance on the proposal when it was first announced by the European Commission in December 2020. France was especially concerned with the flexibility and the scope of the DMA, while Germany wanted greater leeway for member states to curb the dominant position of tech giants.
These concerns have now taken the form of a joint letter to the Commission. The letter is signed by the “Friends of an effective Digital Markets Act” and calls on tightening the DMA in three areas: the involvement of the member states, flexibility and scope, as well as merger control. ....

Rasmus Andersen , Eu Panel Of Economic Experts , Competitiveness Council , Eu Commission , European Parliament , Markets Act , European Commission , Digital Markets , Act Against Restraints , Economic Experts , European Greens , ரஸ்முச் ஆண்டர்சன் , போட்டித்திறன் சபை , யூ தரகு , ஐரோப்பிய பாராளுமன்றம் , சந்தைகள் நாடகம் , ஐரோப்பிய தரகு , டிஜிட்டல் சந்தைகள் , நாடகம் எதிராக கட்டுப்பாடுகள் , பொருளாதார நிபுணர்கள் , ஐரோப்பிய கீரைகள் ,

PBOC Q&A: What Regulators Want From Ant Group

PBOC Q&A: What Regulators Want From Ant Group
Ant Group’s headquarters in Hangzhou, East China’s Zhejiang province. Photo: VCG
On April 12, the People’s Bank of China (PBOC), the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange jointly interviewed
Pan Gongsheng answered journalists’ questions on behalf of these authorities.
Why did financial management authorities interview Ant Group again?
Pan Gongsheng: The Fifth Plenary Session of the 19th Central Committee of the Chinese Communist Party, the Central Economic Work Conference, and the Ninth Meeting of the Central Financial and Economic Affairs Commission have clarified that China should intensify efforts to oppose monopolies and ....

Pan Gongsheng , Lin Jinbing , Yue Bao , Ant Group Co , Economic Affairs Commission , Administration Of Foreign Exchange , People Bank , Ant Group , China Securities Regulatory Commission , Central Committee Of The Chinese Communist Party , Administration Of Credit Investigation Industry , Insurance Regulatory Commission , China Banking , State Administration , Foreign Exchange , Governor Pan Gongsheng , Fifth Plenary Session , Central Committee , Chinese Communist Party , Central Economic Work Conference , Ninth Meeting , Central Financial , Investigation Industry , General Data Protection Regulation , Data Governance Act , Act Against Restraints ,

EU: Advantages and Disadvantages of Digital Gatekeeping

GAFA – Google, Amazon, Facebook, and Apple – and the inability of
ex post enforcement of competition law to prevent potential anticompetitive conduct by these firms.
[2] Several European jurisdictions are currently considering an overhaul of their competition policy approach towards dominant companies in the digital economy. A common theme is that competition authorities or newly created
digital markets agencies could be given the power to regulate dominant companies with a
gatekeeper
status. As an important first step in this new regulatory approach, policymakers in various jurisdictions have specified the criteria for identifying the firms, or
gatekeepers, that are to be subject to regulation. ....

New York , United States , United Kingdom , City Of , San Francisco , Natasha Lomas , Marc Rysman , Rima Alaily , Vivek Mani , Jason Furman , Philipp Bongartz , Michael Katz , Lapo Filistrucchi , Council On Contestable , Cartel Office , Professor Of Economics At Boston University , App Store Principles To Promote Choice , Regulation Of The European Parliament , Competition Policy International , American Express , European Commission , Cartel Office Bundeskartellamt , American Express Co , Supreme Court , Principal At Cornerstone Research , New York Times ,