By Gaspard Sebag and Aoife White, Bloomberg
France’s Isabelle de Silva may be about to become Europe’s most feared antitrust regulator as Margrethe Vestager’s term as European Union competition commissioner winds down.
De Silva, 49, was picked to head France’s antitrust arm in 2016 and immediately grabbed headlines fining firms owned by billionaire Patrick Drahi. Since then her achievements have been somewhat overshadowed by those of her EU counterpart who doled out massive penalties to the likes of Google.
That may be changing as the EU readjusts amid a top jobs reshuffle in the coming weeks and as de Silva enters a more assertive phase of her five-year term as president of the Autorite de la Concurrence.
In an interview at her Paris office last month, de Silva said she’s set her sights on Apple Inc. and Facebook Inc.’s forays into online payments. She’s also wary of the power Amazon.com Inc. and Alphabet Inc.’s Google could gain via their digital assistants.
But she also said that merger watchdogs need more power to vet so-called killer acquisitions, where big companies snap up fledgling firms and their ideas.
“There can be major competition concerns the instant new actors gain strong positions in the payment sector while also having strongholds elsewhere,” de Silva said, referring to products such as Apple Pay. “It could amount to existing dominant market power being strongly enhanced.”
She’s made the issue a priority for the next year and a half and is weighing a study focusing on fintech and payment systems.
Featured News
FTC Pushes Review of CoStar’s Commercial Real Estate Antitrust Case
Jan 31, 2024 by
CPI
UK’s CMA Investigates Ardonagh’s Atlanta Group and Markerstudy Merger
Jan 31, 2024 by
CPI
Greenberg Traurig Grow Financial Regulatory and Compliance Practice
Jan 31, 2024 by
CPI
Dutch Regulator Fines Uber €10 Million for Privacy Violations
Jan 31, 2024 by
CPI
DOJ Investigates AI Competition, Eyes Microsoft’s OpenAI Deal: Bloomberg
Jan 31, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – The Rule(s) of Reason
Jan 29, 2024 by
CPI
Evolving the Rule of Reason for Legacy Business Conduct
Jan 29, 2024 by
CPI
The Object Identity
Jan 29, 2024 by
CPI
In Praise of Rules-Based Antitrust
Jan 29, 2024 by
CPI
The Future of State AG Antitrust Enforcement and Federal-State Cooperation
Jan 29, 2024 by
CPI