Digital technologies and data – including Artificial Intelligence (AI) – hold the potential to automate and thus improve the efficiency and effectiveness of regulatory, supervisory and enforcement activities, which have become increasingly complex in recent years. Looking at the most common uses of supervisory technology (SupTech) by competition authorities, securities regulators and anti-corruption agencies to date, the OECD’s Emeline Denis identifies associated benefits, risks and challenges, and outlines considerations for devising adequate SupTech strategies across policy areas
The deployment of Artificial Intelligence (AI) in the financial sector is bringing both benefits and new or amplified risks. While supporting AI-driven innovation in finance, the OECD’s Iota Nassr looks at some of these risks and the different tools policy makers can use to address them.
Digital platforms may absorb competitors through envelopment acquisitions, to build ecosystems. Daniele Condorelli discusses how some recent envelopment attacks may result from the desire to acquire valuable sources of data rather than products to maintain a position of market power.
In this interview by Matthieu Saint-Olive from ConsenSys, Jean-Michel Godeffroy, Director General for 16 years at the European Central Bank, shares his vision for central bank digital currencies
Competition in the digital economy is increasingly a competition between ecosystems. Hardware and software are integrated, Internet of Things devices connect to online services and a few large tech companies offer a very broad range of services often highly integrated with one another. OECD’s Harry Hong sets the scene for the discussions at the 2021 OECD Competition Open Day.
Cristina Caffarra argues that concerns about the impact on potential future competition of mergers between acquisitive platforms and small players are broader than ‘killer acquisitions’; they include ‘reverse killer acquisitions’ as well, in advance of the 2021 OECD Competition Open Day.
As central banks move towards integrating central bank digital currencies (CBDCs) in national financial systems, Bitt.com’s Simon Chantry focuses on the network effects that may encourage their adoption and use in part two of his two-part series.
The COVID-19 pandemic has amplified the debate around how much personal data we want or need to share to contribute to the continued health of our communities. Heather Dahl describes how privacy-preserving digital security technologies can help us to respect public health and safety measures while protecting our privacy.
Everledger CEO Leanne Kemp discusses the advantages and potential dangers of blockchain and gives her perspective on how the OECD can help ensure the benefits this technology can bring to reach as many people in the world as possible.
The acquisition of start-ups by dominant incumbents looking to pre-empt the emergence of rival products - known as “killer acquisitions” – has caused concern and much discussion amongst competition enforcers around the world. OECD’s Chris Pike sets the scene for the at the 2021 OECD Competition Open Day.