Big Tech’s financial services activities – and their forthcoming regulatory attention

Author: Tom Smith
Published: 26.10.2022
Apple, Google and Amazon (and to a lesser extent, Meta) have been tentatively expanding into the financial services sector for years now. It has been very interesting to watch their strategies and it seems things are hotting up. Damien and I wrote an article on this topic, which was published in the European Competition Journal last year. The FCA’s role in digital markets The UK’s financial regulator, the Financial Conduct Authority (“FCA”), has announced a programme of work on the issue and is inviting input from interested parties. It has published a discussion paper on the Big Tech firms’ impact…