Coimisiún na Meán’s online safety code for video-sharing platforms contains echoes of the 2008 banking crisis
Coimisiún na Meán’s online safety code for video-sharing platforms contains echoes of the 2008 banking crisis
At its simplest, principles-based regulation set out broad parameters for how banks should operate rather than implementing and policing a lot of detailed rules and regulations. It was predicated on the presumption that the people who ran the banks saw the bigger picture and how it was in their long-term interest to adhere to the principles and benefit from a stable banking system. They didn’t.
Most platform owners seem to have left it to their lobby group Technology Ireland – part of Ibec – to put the commission on notice. Technology Ireland doesn’t hold back, warning the commission that its members, which include TikTok, “are very concerned that many provisions of the code cut across the Digital Services Act’s full harmonisation efforts and that they apply an overly prescriptive rather than outcomes-based approach.
Again, there are echoes of the banking crisis and the failure of the financial regulator to stand up to the banks. One of the reasons for this was a lack of political support, due in part to the significance of the banking industry – particularly foreign-owned banks – to the economy.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coimisiún na Meán launches new rules for video sharing platformsCoimisiún na Meán have launched a new binding set of rules for video sharing platforms earlier today with the new Safety Code.
Read more »
Coimisiún na Meán ‘finalising’ decision on future of broadcast moratoriumBroadcasters and the Electoral Commission have called for it to be abolished
Read more »
Online safety code will bring ‘end to era of social media self-regulation’, media regulator vowsCoimisiún na Meán’s code will affect all video-sharing platforms with EU headquarters in Ireland
Read more »
The Irish Times view on the Coimisiún na Meán code on online safety: imposing rules on the Wild WestThe code is best seen as setting a standard that platforms must meet whichever way they choose - but much will come down to implementation
Read more »
Trinity gives green light for students to leave lectures to attend national protestThousands of students set to walk out of classes to attend national protest over tuition fees and rising costs
Read more »
Hit-and-run driver who killed Irishman boasted he wasn't stopping for red lightEoghan’s mother Mary described how they had been left shattered by his death
Read more »