
The FCA found that wholesale data markets can be improved, but has ruled out a significant intervention.
By David Little, Becky Critchley, Oscar Hayward, and Effie Stathaki
The FCA has published the findings of its wholesale data market study (MS23/1.5), which examined competition in the markets for credit ratings data, benchmarks, and market data vendor services. It follows the publication of an Update Report in August 2023, which outlined the FCA’s provisional findings regarding potential