LONDON :A rethink is needed on how to directly regulate activities of Big Tech companies in financial services given their size and influence, Bank for International Settlements General Manager Agustin Carstens said in Wednesday.Big Tech companies such as Alibaba and Amazon have been involved for some time in
LONDON :A rethink is needed on how to directly regulate activities of Big Tech companies in financial services given their size and influence, Bank for International Settlements General Manager Agustin Carstens said in Wednesday.
Their size and reach in social media and e-commerce means they can quickly build up market share in financial activities, Carstens said.
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