More regulatory action on big tech may be needed – FSI paper
Actions so far may not be enough to address growing risks, says Financial Stability Institute
Larger jurisdictions have taken “important steps” towards tackling financial stability risks posed by big tech firms, but tougher regulatory action may still be needed, a new paper argues.
The study of big tech regulation by the Financial Stability Institute, part of the Bank for International Settlements, finds the “main regulatory development” has been in China. Authorities have created a “financial holding company (FHC) regime”, requiring big tech firms to be structured and licensed as
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