Spring 2021, Volume 1, Number 1
Antitrust Chronicle® – Open Banking
In this Chronicle, we examine the issue of Open Banking. Interoperability has long been an antitrust preoccupation. Traditionally, interoperability concerns have arisen with respect to the tech sector, as reflected in cases involving the so-called tech giants of the given day, dating back decades, to the very inception of antitrust rules.
In those contexts, antitrust enforcement resulted in remedies, such as the imposition of rules requiring dominant companies to provide for mechanisms for customers to easily export their data from one platform to another, or to provide for dominant companies to make available APIs allowing their competitors to interact with their offerings on an equal footing.