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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Finance

    Posted By Global Banking and Finance Review

    Posted on May 15, 2025

    Featured image for article about Finance

    LONDON (Reuters) -Britain on Thursday told its antitrust regulator to get behind its push for economic growth and minimise uncertainty for businesses by making more timely, transparent and responsive interventions in merger control, digital markets and consumer protection.

    Since taking power last year, the Labour government has stepped up pressure on the Competition and Markets Authority (CMA) and other regulators, demanding they play their part in tearing down barriers that hold back growth.

    The CMA is independent but it follows a "strategic steer" set by the secretary of state for business.

    "Our economic regulators are crucial to creating the conditions for increased growth and investment," Business Secretary Jonathan Reynolds said in a government statement. "This steer sets out the government's priorities for the CMA."

    Reynolds signalled the CMA's new steer in February, saying it needed to be "less risk-adverse".

    The CMA gained new powers to scrutinise "big tech" companies like Google, Meta, Apple and Amazon at the beginning of this year, adding to a widened remit to police mergers after Brexit.

    Prime Minister Keir Starmer singled the CMA out last year as a regulator that needed to take economic growth more seriously. 

    The government reinforced the point by making former Amazon executive Doug Gurr interim chair of the CMA in January.

    CMA CEO Sarah Cardell said the government had situated a strong competition regime "squarely in the context of the growth mission".

    "The steer provides helpful clarity on how the CMA should prioritise and go about our work, promoting competition and protecting consumers with a sharp focus on supporting higher levels of investment and economic growth," she said.

    (Reporting by Paul Sandle; Editing by Paul Simao)

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