As we previously advised clients, the Financial Stability Board has issued its latest and still more worried report about the financial-stability implications of technology-platform firms (i.e., BigTech). Global financial regulators for the first time suggest activity-and-practice systemic standards for BigTech, but this is a conclusion laid out for further inquiry, not immediate action. Here, we assess the FSB’s findings, which expand on earlier reports (see Client Reports FINTECH23 and FINTECH24) to consider not just the extent to which BigTech poses “natural oligopoly” risk, but also how incumbent companies are responding to market shifts.
The full report is available to retainer clients. To find out how you can sign up for the service, click here.