Has CMA been put back in its box after Tyrie's exit? That's how it looks
almost 4 years in The guardian
Chairman’s departure poses question of whether regulator’s reform plan will be dropped
When Andrew Tyrie resigned a couple of weeks ago as chairman of the Competition and Markets Authority (CMA), he cited the “inherent limits” of the role, a curious phrase that suggested there was more to the tale than we were being told.
Sure enough, Sky News reported over the weekend that Tyrie apparently quit after a rebellion from the CMA’s upper ranks over his plans to reform the competition watchdog and seek greater powers to fine companies, ban directors and seek out rip-off corporate behaviour. His exit after only two years in post, it seems, was a coup orchestrated by insiders who reportedly didn’t fancy a role as a more muscular consumer champion. Continue reading...
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