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FRT Episode 102: U.S. Executive Order on Competition

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Manage episode 297569205 series 2639620
Content provided by Institute of International Finance. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Institute of International Finance or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

President Biden signed his new Executive Order on ‘Promoting Competition in the American Economy’ on July 9. A particularly wide-ranging and comprehensive Order, it includes 72 initiatives and recommendations for actions by 12 agencies, with key focus areas in technology and financial services, in addition to others in healthcare, agriculture, transport and more.

We discuss some of the potential ramifications, including the focus on technology platform business models and data accumulation, a portent to Open Banking, and the requirement for the US Treasury to report on how the activities of big technology companies and non-banks affect competition in finance within the next nine months. We also discuss the political dynamics of the Executive Order and the process ahead, and how the focus on technology firms compares to initiatives in Europe and China.

  continue reading

114 episodes

Artwork
iconShare
 
Manage episode 297569205 series 2639620
Content provided by Institute of International Finance. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Institute of International Finance or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

President Biden signed his new Executive Order on ‘Promoting Competition in the American Economy’ on July 9. A particularly wide-ranging and comprehensive Order, it includes 72 initiatives and recommendations for actions by 12 agencies, with key focus areas in technology and financial services, in addition to others in healthcare, agriculture, transport and more.

We discuss some of the potential ramifications, including the focus on technology platform business models and data accumulation, a portent to Open Banking, and the requirement for the US Treasury to report on how the activities of big technology companies and non-banks affect competition in finance within the next nine months. We also discuss the political dynamics of the Executive Order and the process ahead, and how the focus on technology firms compares to initiatives in Europe and China.

  continue reading

114 episodes

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