The UK Competition and Markets Authority (CMA) recently published an update paper outlining its concerns with AI foundation models (FMs). The CMA’s September 2023 initial Report on FMs set out its early views on how FMs...more
The UK communications regulator and concurrent competition authority, Ofcom, announced on April 5 its proposal to refer the UK cloud services market to the Competition and Markets Authority (CMA) for further investigation....more
On September 22, the Office of Communications (Ofcom)—the United Kingdom’s communications regulator—announced and released a program of work stating its intention to examine the position of the largest providers of cloud...more
The UK government is considering responses to its proposed reforms to auto-subscription rules for consumer contracts, as part of a broader consultation on reforming UK competition and consumer policy....more
The United Kingdom’s Digital Regulation Cooperation Forum (DRCF) on March 10 announced in its 2021–2022 workplan that the UK Financial Conduct Authority (FCA) will join as a full member from April 1, 2021....more
3/19/2021
/ Digital Marketplace ,
Digital Platforms ,
Digital Services ,
E-Commerce ,
Financial Conduct Authority (FCA) ,
Information Commissioner's Office (ICO) ,
Innovative Technology ,
OFCOM ,
Regulatory Agenda ,
UK ,
UK Competition and Markets Authority (CMA)
In December 2019, we published a blog post introducing open banking; here, we provide an update for 2020. To briefly summarize, open banking comprises a set of rules which permit third-party providers (TPPs) of financial...more
10/1/2020
/ Cyber Crimes ,
Cybersecurity ,
Data Collection ,
Data Management ,
EU ,
Financial Institutions ,
Financial Services Industry ,
Open Banking ,
Personal Data ,
Risk Management ,
Third-Party Service Provider ,
UK Competition and Markets Authority (CMA)
Open Banking is an initiative mandated by the UK’s Competition and Markets Authority (CMA) in 2017. It is intended to facilitate better competition in the banking sector by mandating protocols that facilitate the secure...more