Yes, hello. Welcome back to Emlex's weekly podcast with the top regulatory stories of the moment.

My name is James Panicki from Emlex's Asia Pacific team. Thank you for stopping by, especially if you're on a

break in the Northern Hemisphere. We're glad to be part of your summer soundtrack. In just over 10

minutes' time, we'll be touching base with our Financial Services reporter Fiona Maxwell for the

ticking time bomb facing the UK's clearinghouses. They're up against the very real prospect of losing their equivalent status with the EU,

something that will come at a significant cost.

So a fascinating Brexit reverberation being felt in Europe's financial centre,

and it's not the first time we've used those words.

First up, though, we're going to get stuck into a capital M M-Mlex story with talk about a toolbox

upgrade for the Competition and Markets Authority, the UK's competition and consumer watchdog.

The government has put forward a raft of measures that would give the CMA more powers,

particularly with reference to consumer law. But as we're about to hear, the watchdog hasn't received

everything it had on its wish list. This is a key part of our coverage because as the world of

big tech tests the boundaries of enforcement, regulators around the globe

are clamouring for new powers that, as they see it at least, would equip them to protect

local consumers in the face of new digital challenges. Victoria Bitois is a senior M-X

correspondent in London. She's been covering the announcement and she joins me now.

So Victoria, tell me about these proposed changes.

What exactly is on the table?

Yeah, so the CMAs has been for a while now campaigning to see some changes to its current powers.

And the UK government has laid out a number of proposals

to essentially ensure that the CMA's post-Brexit regime is fitful purpose.

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