Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Michael McGrath

๐Ÿ‘ค Speaker
67 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Talks
EU's McGrath Talks Shein Probe, Consumer Protection

Will there be new action against Xi'an over that?

Bloomberg Talks
EU's McGrath Talks Shein Probe, Consumer Protection

Well there are already actions underway and the French authorities have

Bloomberg Talks
EU's McGrath Talks Shein Probe, Consumer Protection

launched their own investigation and we are remaining in contact with them but already at an EU level there is an action underway in the context of the DSA relating to illegal products on the platform and so that has to take its course and it will do but we have powerful instruments we stand ready to use them we have to allow due process and allow counterparties the right to respond and

Bloomberg Talks
EU's McGrath Talks Shein Probe, Consumer Protection

to address any claims that we're making.

Bloomberg Talks
EU's McGrath Talks Shein Probe, Consumer Protection

But we will bring this to a conclusion and we will ensure that such products have no place in the European market and will not be countenanced.

Bloomberg Talks
EU's McGrath Talks Shein Probe, Consumer Protection

The Digital Services Act is a very powerful tool and we are using it.

Bloomberg Talks
EU's McGrath Talks Shein Probe, Consumer Protection

It is my view that the main body of consumer protection law that we have within the European Union

Bloomberg Talks
EU's McGrath Talks Shein Probe, Consumer Protection

That's the Consumer Protection Regulation as such, that we do need to strengthen that.

Bloomberg Talks
EU's McGrath Talks Shein Probe, Consumer Protection

We need to give the Commission a greater role in investigating and enforcing consumer protection laws more generally.

Bloomberg Talks
EU's McGrath Talks Shein Probe, Consumer Protection

because the DSA only covers certain in-scope platforms, and then it only covers them to the extent of the reach of the consumer protection element within the DSA.

Bloomberg Talks
EU's McGrath Talks Shein Probe, Consumer Protection

There's a wider body of consumer protection law, which currently falls to the national authorities to implement.

Bloomberg Talks
EU's McGrath Talks Shein Probe, Consumer Protection

And there are different capacities, to be frank, around the European Union on that question.

Bloomberg Talks
EU's McGrath Talks Shein Probe, Consumer Protection

And that's why I am proposing...

Bloomberg Talks
EU's McGrath Talks Shein Probe, Consumer Protection

that the European Commission would take on a greater role and be given more teeth to take on these issues, not just against the very large platforms, but against any other e-commerce retailers that float the EU rules.

Bloomberg Talks
EU's McGrath Talks Shein Probe, Consumer Protection

Well, the national authorities have different capabilities and they are resourced to a different extent.

Bloomberg Talks
EU's McGrath Talks Shein Probe, Consumer Protection

And at the moment where there is a coordinated CPC action, Consumer Protection Cooperation action, we coordinate it centrally within the Commission.

Bloomberg Talks
EU's McGrath Talks Shein Probe, Consumer Protection

But it is led by the individual national authorities and very often individually.

Bloomberg Talks
EU's McGrath Talks Shein Probe, Consumer Protection

The outcome is that the harm is stopped rather than there being an actual penalty and a disincentive to repeating such behaviour in the future.

Bloomberg Talks
EU's McGrath Talks Shein Probe, Consumer Protection

And I think we do need to have a stick where EU rules are being broken because consumers have to be protected.

Bloomberg Talks
EU's McGrath Talks Shein Probe, Consumer Protection

And product safety is not just a bureaucratic obligation.