News Formal

Rethink needed to regulate Big Tech in finance, says BIS' Carstens

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

LONDON :A rethink is needed on how to directly regulate activities of Big Tech companies in financial services given their size and influence, Bank for International Settlements General Manager Agustin Carstens said in Wednesday.Big Tech companies such as Alibaba and Amazon have been involved for some time in

LONDON :A rethink is needed on how to directly regulate activities of Big Tech companies in financial services given their size and influence, Bank for International Settlements General Manager Agustin Carstens said in Wednesday.

Their size and reach in social media and e-commerce means they can quickly build up market share in financial activities, Carstens said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Re-think needed to regulate Big Tech in finance, says BIS' CarstensLONDON : A 're-think' is needed on how to directly regulate activities of Big Tech companies in financial services given their size and influence, Bank for International Settlements General Manager Agustin Carstens said in Wednesday.'Without a doubt, a regulatory re-think is warranted, and we need a new p
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »