The UK regulator’s Hobson’s choice on Big Tech; and Australia’s banking prosecution collapses

MLex Market Insight

The UK’s competition enforcer’s approach to Big Tech has come to a fork in the road: it can either wait for its Digital Markets Unit to be empowered and operational; or it can pursue the global platforms with the tools already at its disposal. The Competition and Markets Authority may prefer to wait, but with lawmakers unwilling to commit to a timeline, antitrust officials may find themselves playing catchup. Also on today’s podcast: Australia’s top antitrust official Rod Sims announces a review of his agency’s investigation of an alleged criminal cartel in the banking industry, following the collapse of the high-profile Citigroup, Deutsche Bank prosecution.