Work Area: Market Studies & Inquiries

UK report calls for full break-up of Big Four auditors

A UK governmental committee has gone beyond the competition enforcer to recommend the top four accountancy firms legally sever their auditing business from other activities, undertake joint audits and limit their number of audits, to promote competition in the “unhealthy” sector.

02 April 2019

Market study remedies pose challenges, say Australian and French enforcers

The heads of the competition agencies in France and Australia would not welcome the power to impose remedies after conducting market studies because doing so would present several challenges.

28 March 2019

Retail food inquiry finds no anticompetitive conduct

Luxembourg’s competition enforcer has published its retail food sector inquiry report, three years after it concluded its review of the market.

08 February 2019

UK court refuses interim relief for grocery retailer

The UK’s Competition Appeal Tribunal has refused a request by discount retailer B&M European Value Retail to suspend its designation as a grocery retailer that must comply with a specific supplier code of practice.

06 February 2019

South African enforcer halts market inquiries because of budget constraints

A funding shortage has forced South Africa’s antitrust authority to pause several market inquiries and investigations until the start of the new financial year in April.

25 January 2019

UK calls for airline slot allocation reform

While the UK’s antitrust watchdog urges an auction-based model of allocating airport slots – the right to take off or land at a given time – a leading European aviation lawyer has derided the enforcer’s recommendations as “poorly thought out [and] poorly substantiated.”

19 December 2018

UK audit sector not fit for purpose, enforcer says

Companies that operate both audit and consulting services should be split into separate companies with separate management, accounts and remuneration in order to improve the quality of auditing services, the UK’s competition enforcer has said.

18 December 2018

FTC needs to study markets more, Chopra and advisor say

The Federal Trade Commission should return to requiring companies to disclose more data that is not part of a specific enforcement action, commissioner Rohit Chopra and one of his attorney advisors have separately said.

14 December 2018

COFECE probes market for card payment systems

Mexico’s competition enforcer is investigating the card payment systems market for barriers to entry, which could end with the agency imposing remedies on the market.

29 October 2018

UK begins audit sector market study

The UK’s competition authority has launched a market study into the audit sector, following calls from lawmakers for the break-up of the so-called Big Four accountancy firms.

10 October 2018

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