Big tech links are ‘policy blind spot’, says FSI
Basel-based institute says tech firms are “increasingly intertwined” with financial sector
The growing financial activities of big tech firms and their internal and external links are a “blind spot” for policy-makers, the Financial Stability Institute warns.
The FSI – part of the Bank for International Settlements – explores the risks posed by big tech interdependencies in a report published on July 5. The analysis focuses on six tech giants: Alibaba, Amazon, Grab, Jumia, Mercado Libre and Rakuten.
The report notes how big tech firms have intragroup dependencies between financial
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