Competition Policy 2018
The relationship between antitrust, innovation and investment
Technology, data and new business models are changing the way industries are structured and how businesses engage with the marketplace. In this context competition authorities and antitrust regulators must navigate the challenge of maintaining competitive markets in ways that also encourage continued innovation, investment and growth.
The annual Chatham House Global Competition Policy conference will explore key contemporary considerations for competition regulation, how to foster expertise as advances in technology give rise to new competition concerns, and the interplay between antitrust and an evolving, information-led marketplace.
Continuing Professional Development
6 CPD hours are available for delegates attending this event, as per the Bar Standards Board’s CPD Provider Accreditation Scheme.
For professionals regulated by the Solicitors Regulation Authority, 6 CPD hours are available for delegates that remain opted into the 16 hours annual CPD requirement.
The Chatham House Rule
To enable as open a debate as possible, this conference will be held under the Chatham House Rule.
Monday 11 June
0930 Welcome and chair's opening remarks
Session One |The Global Context: Politicization of Market Access
Access to international markets is crucial for job creation and economic growth, but a number of major economies are increasingly embracing protectionist trade policies that threaten the principles of open markets and free trade. This opening discussion will focus on the ways in which the pursuit of national interests on trade matters threatens to politicize approaches to competition policy and antitrust regulation, and how this may affect the development of competition regulation principles in developing and newly developed economies.
Andrew Finch, Principal Deputy Assistant Attorney General, Antitrust Division, United States Department of Justice
Dr Michael Grenfell, Executive Director of the Board, Competition and Markets Authority
Session Two | Merger Control and the Interface with Innovation and Investment
This session will consider the conflicts that arise in the exercise of merger control procedures when faced with the challenge of promoting competition across sectors whilst also rewarding and encouraging investment and innovation.
- How effective have competition regulators been when assessing the impact of mergers on innovation?
- Will the trend of investigating and challenging mergers, with the stated goal of preserving innovation, continue to be a priority for antitrust enforcement? What effect does increased deal scrutiny in merger situations have on investment in research and development?
- Can the link between market structures and investment in research and development be measured? How should competition authorities take action on mergers on the grounds of an adverse impact on innovation where it is deemed that innovation underpins market competition?
- When a transfer of intellectual property (IP) resembles a merger for all intents and purposes, what actions can be taken under established principles of competition law? To what extent is increased deal scrutiny inevitable in mergers between IP-rich companies? Are special considerations needed for such mergers?
- How might proposed new rules for reviewing foreign investments in EU member states affect the existing rules on merger control? What effect will an expansion of the list of sectors for which scrutiny of foreign investment is required have on merger activity?
Nelson Jung, Partner, Clifford Chance
Dong Hongxia, Director General, Anti-Monopoly Bureau, Ministry of Commerce (MOFCOM)
Etienne Chantrel, Head of Mergers Unit, Autorité de la concurrence
Giulio Federico, Head of Unit, Chief Economist Team, European Commission
Nadine Watson, Senior Vice President, Compass Lexecon
Susan Hinchliffe, Global Executive Counsel, Competition Law & Policy, GE
Session Three | Fintech, Financial Regulation and Competition Law
Fintech continues to reshape financial services, injecting greater choice and competition into the sector and threatening the dominance of established financial institutions. This session will address how authorities can combat anti-competitive practices in order to support greater competition in the financial sector.
- How should competition enforcement generally be conducted in the fast-growing fintech sector?
- What actions can be taken against companies that block fintech rivals from gaining legitimate access to customer information and data? Is there a risk of exclusion and related anti-competitive behaviour by established financial institutions towards new market entrants?
- To what extent will the proliferation of fintech-led consumer solutions lead to market fragmentation, and the subsequent market dominance of niche services by specialized fintech companies? What is the probability that larger fintech companies will drive smaller ones out of the market, leading to a new set of anti-competitive market conditions?
- What changes to competition enforcement and competition compliance procedures can be expected as a result of increased use of blockchain technology? Due to the fact that blockchain technology sits outside existing regulatory frameworks and is difficult to monitor and control, to what extent could it facilitate anti-competitive collusion?
Miguel de la Mano, Executive Vice President, Compass Lexecon
Christopher Woolard, Director of Strategy and Competition, Financial Conduct Authority
Anthony Durocher, Deputy Commissioner Monopolistic Practices, Competition Bureau of Canada
Michiel Denkers, Director Competition, Netherlands Authority for Consumers and Markets
Mari Scimemi, Director, Global Competition Team, Barclays
1530-1600 Afternoon refreshments
Session Four | The Crossroads of Competition, Technology and Big Data
This session will focus on how competition law can keep pace with technological changes such as new decentralized ledger technologies like blockchain, and the potential for market dominance and abuses facilitated by control of big data as well as the potential for collusion facilitated by pricing algorithms.
- How can regulators ensure that technology markets remain competitive and open to new entrants?
- How effective have competition authorities been in assessing and addressing anti-competitive practices in technology markets? To what extent has there been a degree of under-enforcement against anti-competitive practices in the sector and has the time come to adopt a more robust approach?
- Is it appropriate to use competition law as a means to protect consumers from being exploited with respect to the use of their data? Can compliance with data protection laws constitute a safe harbour from competition law infringement?
- How well do competition regulators typically take data into account in assessments of market abuse? Are the right tools in place to address data-related issues?
Thomas Vinje, Partner, Chairman, Global Antitrust Group, Clifford Chance
Prof Dr Konrad Ost, Vice President, Bundeskartellamt
Maurice E Stucke, Professor of Law, University of Tennessee
Cecilio Madero Villarejo, Deputy Director-General Antitrust, European Commission
Toh Han Li, Chief Executive Officer, Competition Commission of Singapore
1730 Close of conference and drinks reception
© The Royal Institute of International Affairs 2018
Ways to book:
- Online: Click here to complete the online registration form
- Phone: Call Charlie Burnett Rae on +44 (0)20 7957 5727
- Email/Post: Download a PDF registration form, complete and return to Saoirse McKeon via email or post to: Saoirse McKeon, Chatham House, 10 St. Jame's Square, London, SW1Y 4LE
Check if your organization is a member of Chatham House here.
|Partners and major corporate members|
|Standard corporate members|
|NGOs and academics||£460|
|NGOs and academics||£510|
Your delegate pass includes:
- Conference attendance
- Lunch and refreshments
Travel and accommodation are not included. View a list of recommended hotels here.
If you are interested in becoming a sponsor for this event, please contact Kamil Hussain on +44 (0)20 7314 2783
If you are interested in becoming a media partner for this event, please contact Ayesha Arif on +44 (0)20 7957 5753
10 St James's Square
Telephone: +44 (0)20 7957 5643
Fax: +44 (0)20 7957 5710
If you wish to book the venue for your own event please phone +44 (0)20 7314 2764
The nearest tube station is Piccadilly Circus which is on the Piccadilly and the Bakerloo Underground lines. From Piccadilly follow Regent Street southwards towards Pall Mall and take the first road on the right called Jermyn Street. Duke of York Street is the second road on the left and leads to St James's Square. Chatham House is immediately on your right.
Although we cannot book accommodation for delegates, we have arranged a reduced rate at some nearby hotels, where you can book your own accommodation. Please inform the hotel that you will be attending a conference at Chatham House (The Royal Institute of International Affairs) to qualify for the Institute's reduced rate.
Please note all rates are subject to availability.
13 Half Moon Street
London - W1J 7BH
Tel: + 44 (0)20 7499 2964
Fax: + 44 (0)20 7499 1817
Classic Double without breakfast: £195 +VAT
The Cavendish London
81 Jermyn Street
London - SW1U 6JF
Tel: + 44 (0)20 7930 2111
Fax: + 44 (0)20 7839 2125
Classic Room without breakfast: £205 +VAT
The Stafford London
St James's Place
London - SW1A 1NJ
Tel: 020 7493 0111
Fax: 020 7493 7121
Classic Queen without breakfast: £247 +VAT
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The Chatham House Rule
To enable as open a debate as possible, this event will be held under the Chatham House Rule.