FCA says wholesale data market needs improvement

FCA has published the results of its wholesale data market study. The study looked at competition in the markets for credit ratings data, benchmarks and market data vendor services.  FCA has found instances in all 3 areas where competition does not work well, which means that users might be paying more for the data they buy than they need to. FCA won’t be undertaking a significant intervention because it is worried this might have consequences on the availability and quality of data, but will be putting forward ideas to help support better terms for data availability as part of its overall work on the repeal and replacement of assimilated laws.

Emma Radmore