Google win vindicates EU regulator; and moves to end the liquidity crunch in US Treasury market

MLex Market Insight

There’s no getting around it: This week’s EU court ruling upholding the European Commission’s 2.42 billion euro antitrust fine against Google is a vindication of the enforcer’s decision to go after the tech giant over online shopping services. The fight may not be over — the decision by the lower-tier court may yet be appealed. But the Commission, which now has additional powers to reign in Big Tech, is likely to see the win as proof it was right to take on Silicon Valley. Also on today’s podcast: liquidity in the US Treasury market. Regulators are now discussing ways to ensure that the deeply dysfunctional debt-securities market never again faces the liquidity crunch of the March 2020 Covid-19 stampede.