UK's FCA to investigate wholesale data access

Tuesday 11 January 2022 12:55 CET | News

The UK’s Financial Conduct Authority (FCA) has said it will launch two market studies and gather more information regarding wholesale data access amid competition concerns.

The financial regulator said access to wholesale data allows investment managers to find and assess opportunities, and a lack of competition could affect data quality, leading to increased costs for investors including pension savers.

The FCA said it will open a market study in the summer of 2022 to investigate concerns that complex contracts for benchmarks and indexes, used by entities like banks and asset managers to track and measure prices and performance, prevent switching to cheaper or better quality alternative providers.

A second study will be launched by the end of the year to find out whether high prices for credit ratings data access is adding costs to investors and limiting new market opportunities. The regulator will also collect further information on market competition for trading data.

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Keywords: FCA, regulation, research, data, fraud prevention
Categories: Banking & Fintech
Countries: United Kingdom
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Banking & Fintech

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