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Big tech interdependencies come with specific risks, in particular to operational resilience, and may require the development of specific entity-based rules for big tech operations in the financial sector. In the meantime, authorities are searching for interim solutions to counter potential financial stability risks.
This paper assesses the interdependencies inherent in big tech business models based on publicly available information on Alibaba, Amazon, Grab, Jumia, Mercado Libre and Rakuten. It outlines the regulatory implications of how big techs provide financial services and the tools financial authorities have at their disposal now to address related risks.
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