CMA’s proposed new consumer power a boon for UK enforcer; UK clearinghouses face deadline

MLex Market Insight

The UK’s competition watchdog is set to receive a shot in the arm, with the government putting forward proposals that would upgrade the regulator’s enforcement toolkit. If implemented, the changes would hand the Competition and Markets Authority consumer-law powers on par with antitrust enforcement powers, with the ability to fine companies up to 10 percent of their global turnover. But does the CMA now risk becoming a jack-of-all-trades but master of none? Also on today’s podcast: The clock starts to tick for the UK’s financial clearinghouses — the culmination of years of uncertainty brought about by Brexit.