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ARTICLE · 29 NOVEMBER 2022

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Global Competition Reforms To Tackle Digital Markets - Update

Competition authorities around the globe are taking steps to develop institutional capability, and call for new legal powers to tackle the evolving issues in digital markets.

GlobalAntitrust/Competition Law

Competition authorities around the globe are taking steps to develop institutional capability, and call for new legal powers to tackle the evolving issues in digital markets. The CMA, in cooperation with other regulators, has published and updated a Compendium of Approaches to Digital Markets summarising these developments.

We have already written about the adoption of the Digital Markets Act in the EU and the UK's proposals to strengthen its competition regime, but there are also other global initiatives.
The Compendium identifies two key challenges faced by all regulators. The first is the market power of certain tech companies, aided by network effects, multi-sided markets, and unique access to data. Second, is the insufficiency of existing regulatory powers and methodologies.

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