The UK Financial Conduct Authority (FCA) has launched a market study amid concerns that competition in wholesale data markets may not be effective.
This new wholesale data market study will investigate potential competition problems in the markets for benchmarks, credit ratings data and market data vendor services and whether they could be resulting in higher costs for investors, less effective investment decisions and preventing new firms entering these markets.
Benchmarks are widely used in financial markets, for example as a reference for funds to track or to evaluate an asset manager’s performance.
Access to high-quality credit ratings helps investment managers and others assess financial risk,…
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