Big Tech

Central Bank wants special powers to contact Big Tech firms over online scams

Regulator wants to become ‘trusted partner’ of Ireland’s online media regulator under landmark EU laws that will target harms on Big Tech platforms

Derville Rowland: ‘I am optimistic that there are ways to penetrate online fraud in a practical and effective way – certainly with this new Digital Services Act.’ Picture: Fergal Phillips

The Central Bank is stepping up its strategy to take on Big Tech companies over internet scams, with plans to seek special designation as a regulatory player under landmark EU laws that are cracking down on illegal content online.

Derville Rowland, deputy governor in charge of consumer protection, said on Wednesday that the regulator wants to become a “trusted partner” of Ireland’s new online media watchdog under the EU’s Digital Services Act (DSA).

Addressing the ...