Digital disruption

CMA launches digital markets strategy and market study into online platforms and digital advertising

Jessica Bowring

The UK Competition and Markets Authority (CMA) has published a document setting out its digital markets strategy and, in parallel, has launched a market study into online platforms and digital advertising. These developments follow on from a series of independent reports into the digital sector, including the Furman Report in March and the Lear Report in June. They also build on Read More

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Tech Collaborations – Harnessing potential whilst balancing risk

Megan McMellon

On 18 June, Google and Sanofi announced a new collaboration aimed at accelerating healthcare innovation. The collaboration has three key objectives: to better understand patients and diseases; to increase Sanofi’s operational efficiency; and to improve the experience of Sanofi’s patients and customers. Google and Sanofi will develop an Innovation Lab to test and explore both Read More

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AI principles and practice: The OECD recommendation continues a theme

Emma Keeling

At the end of May, the Organisation for Economic Co-operation and Development (OECD) member countries achieved a first – signing up to a Recommendation on Artificial Intelligence (AI) (the Recommendation) that, it is hoped, will promote innovative and trustworthy AI, respecting human rights and democratic values.  With that aim, the Recommendation sets out five broadly Read More

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Furman report on unlocking digital competition

Antonio Bavasso

On 13 March the UK Government published a report by an expert panel established by the Chancellor and led by Harvard economist and former White House economic adviser, Jason Furman, on reforms to competition rules and regulation in the digital sector: “Unlocking digital competition”. Executive summary The report was commissioned in the context of global Read More

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Payment service providers face even tougher DP requirements than those under the GDPR

Jane Finlayson-Brown

Application Programming Interfaces (APIs) are bringing new open banking initiatives to the forefront of online payment services, with huge potential for innovation.  Although access to data is essential in the rise of APIs, processing personal data for open banking initiatives covered by Payment Services Directives or the Open Banking Standard will always require explicit consent. Read More

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Bitfinex: could greater regulation have prevented its hack?

Conor O'Hanlon

Introduction “In response to these constructive discussions with the CFTC’s Division of Enforcement, BFXNA has made significant changes to the way in which U.S. customers engage in financed trading on Bitfinex.” – Bitfinex Announcement, June 2, 2016[1] In their engagement to date with the emerging cryptocurrency sector, the United States Commodity Futures Trading Commission (the Read More

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