25 November 2014
Greg Houston spoke yesterday at a symposium on competition law and policy over the next two decades, organised by the Centre for International Finance and Regulation. He tackled the implications of the digital transformation of markets for competition policy. Greg's key messages were that:
- regulation needs to be flexible and responsive in the face of digital disruption;
- merger clearance and enforcement will be required to take greater account of the increasingly dynamic nature of markets; and
- competition reforms should support the further development of online product and price comparison functions, since these strengthen the hand of consumers in driving competition.
Greg's slides can be found here.