FCA to investigate lack of competition in benchmark providers

Review of credit ratings to follow

James Baxter-Derrington
clock • 2 min read
Executive director, consumers and competition at the FCA Sheldon Mills
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Executive director, consumers and competition at the FCA Sheldon Mills

The Financial Conduct Authority will investigate the markets for benchmarks, credit ratings and trading data, following concerns raised that there is a lack of competition in the wholesale data.

The move comes following a call for input issued by the regulator last year, in which respondents highlighted the slim number of viable providers in the space, which tie users to their products through...

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