{"id":28567,"date":"2020-10-29T18:37:48","date_gmt":"2020-10-29T17:37:48","guid":{"rendered":"http:\/\/videoweek.com\/?p=28567"},"modified":"2020-11-04T18:39:47","modified_gmt":"2020-11-04T17:39:47","slug":"eu-will-give-itself-powers-to-step-in-and-correct-failing-digital-markets","status":"publish","type":"post","link":"https:\/\/videoweek.com\/2020\/10\/29\/eu-will-give-itself-powers-to-step-in-and-correct-failing-digital-markets\/","title":{"rendered":"EU Will Give Itself Powers to Step in and Correct Failing Digital Markets"},"content":{"rendered":"

\"\"<\/a>The EU\u2019s competition commissioner Margrethe Vestager today announced that the Union will grant itself stronger powers to \u201cstep in\u201d and enforce its antitrust and harmful content rules, outlined in its proposed \u2018Digital Services Act\u2019 against the largest of the tech giants.<\/p>\n

Currently, EU law leaves regulation of digital services in the hands of regional authorities, rather than the EU itself. While the EU writes rules which guide the behaviour of tech companies, it\u2019s up to individual member states to write these rules into their own national laws, and then to appoint a national regulator to enforce them. And national regulators also hold responsibility for conducting \u2018market investigations\u2019, where there are concerns that an entire market is not functioning properly.<\/p>\n

But as part of the Digital Markets Act, the EU will have power to step in and enforce the new rules itself, rather than relying on regulators in individual countries to take action. The EU will also put a framework in place to standardise how market investigations are run across the single market, and to make sure national authorities cooperate with one another.<\/p>\n

Vestager, speaking this morning at an event run by the European Policy Center, said the current system has left the EU unable to force the largest tech companies to change their behaviour. \u201cMany national authorities have powers [\u2026] that allow them to investigate markets, for instance, or to make sure that companies which aren\u2019t dominant deal fairly with the smaller businesses that depend on them,\u201d she said. \u201cThe risk, though, is that we\u2019ll have a fragmented system, with different rules in different EU countries. That would make it hard to tackle huge platforms that operate throughout Europe, and to deal with other problems that you find in digital markets in many EU countries.\u201d<\/p>\n

Vestager added the risk with this system is that \u201cwe\u2019ll always find ourselves playing catch-up, while platforms move from market to market, using the same strategies to drive out their rivals\u201d.<\/p>\n

But by handing new powers to the EU itself, Vestager said it will be able to properly hold the tech giants to account for harmful practices which apply across the whole of the EU.<\/p>\n

\u201cFor the world\u2019s biggest gatekeepers, things are going to have to change,\u201d she said. \u201cThey are going to have to take more responsibility, for the effects that they have on our safety and our opportunities. The new rules that we\u2019ll propose in a few weeks will give them that responsibility \u2013 they\u2019ll also make sure we have the powers to enforce those duties.\u201d<\/p>\n

The finer details of the Digital Services Act and Digital Markets Act will be unveiled in early December.<\/p>\n","protected":false},"excerpt":{"rendered":"

The EU\u2019s competition commissioner Margrethe Vestager today announced that the […]<\/p>\n","protected":false},"author":8,"featured_media":28568,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,13,109,7610,5],"tags":[7612],"yoast_head":"\nEU Will Give Itself Powers to Step in and Correct Failing Digital Markets - VideoWeek<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/videoweek.com\/2020\/10\/29\/eu-will-give-itself-powers-to-step-in-and-correct-failing-digital-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EU Will Give Itself Powers to Step in and Correct Failing Digital Markets - VideoWeek\" \/>\n<meta property=\"og:description\" content=\"The EU\u2019s competition commissioner Margrethe Vestager today announced that the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/videoweek.com\/2020\/10\/29\/eu-will-give-itself-powers-to-step-in-and-correct-failing-digital-markets\/\" \/>\n<meta property=\"og:site_name\" content=\"VideoWeek\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/videoadnews\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-29T17:37:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-11-04T17:39:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/videoweek.com\/wp-content\/uploads\/2020\/11\/Hearings_of_Margrethe_Vestager_DK2C_vice_president-designate_for_a_Europe_fit_for_the_digital_age_284886507141329-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tim Cross\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@videoadnews\" \/>\n<meta name=\"twitter:site\" content=\"@videoadnews\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tim Cross\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/videoweek.com\/2020\/10\/29\/eu-will-give-itself-powers-to-step-in-and-correct-failing-digital-markets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/videoweek.com\/2020\/10\/29\/eu-will-give-itself-powers-to-step-in-and-correct-failing-digital-markets\/\"},\"author\":{\"name\":\"Tim Cross\",\"@id\":\"https:\/\/videoweek.com\/#\/schema\/person\/06655723adf9aea50c32b050a608cf3f\"},\"headline\":\"EU Will Give Itself Powers to Step in and Correct Failing Digital Markets\",\"datePublished\":\"2020-10-29T17:37:48+00:00\",\"dateModified\":\"2020-11-04T17:39:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/videoweek.com\/2020\/10\/29\/eu-will-give-itself-powers-to-step-in-and-correct-failing-digital-markets\/\"},\"wordCount\":460,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/videoweek.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/videoweek.com\/2020\/10\/29\/eu-will-give-itself-powers-to-step-in-and-correct-failing-digital-markets\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/videoweek.com\/wp-content\/uploads\/2020\/11\/Hearings_of_Margrethe_Vestager_DK2C_vice_president-designate_for_a_Europe_fit_for_the_digital_age_284886507141329-1.jpg\",\"keywords\":[\"Tech\"],\"articleSection\":[\"Ad Tech\",\"Europe\",\"Legal\",\"News\",\"Tech\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/videoweek.com\/2020\/10\/29\/eu-will-give-itself-powers-to-step-in-and-correct-failing-digital-markets\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/videoweek.com\/2020\/10\/29\/eu-will-give-itself-powers-to-step-in-and-correct-failing-digital-markets\/\",\"url\":\"https:\/\/videoweek.com\/2020\/10\/29\/eu-will-give-itself-powers-to-step-in-and-correct-failing-digital-markets\/\",\"name\":\"EU Will Give Itself Powers to Step in and Correct Failing Digital Markets - 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